If you or someone you love is trying to qualify for Medicaid, you may have heard people talking about—or in most cases, complaining about—having to wait five years to access benefits. If you don’t have access to professional guidance, you could easily fall victim to this common misconception about Medicaid. When people complain about waiting […]
The post Do You Really Have to Wait Five Years to Access Medicaid Benefits? appeared first on SeniorNews.
In the past, to avoid exceeding Medicaid’s income and asset limits, many individuals transferred their assets into the name of other relatives, particularly when nursing home care was immediately needed. Now, Medicaid takes into account all asset transfers made in the preceding five years prior to an application for Medicaid benefits (this period is called […]
The post Can I Get Medicaid if I Transfer All of My Assets to My Spouse? appeared first on SeniorNews.