Top Ten Elder Law Tips on Government Benefits for Nursing Care
1. TOP TEN TIPS – December 2016:
Government Benefits for Skilled Nursing Care
1. Understand skilled nursing care and related options.
2. Realize what happens to persons’ income when they qualify for Medicaid.
3. A single person has a planning option other than spending down countable assets to
$2,000.
4. The asset limit for a couple is not simple and must be calculated.
5. A couple can use a Medicaid qualified annuity to preserve assets over the protected
spousal allowance.
6. The probate court can increase the asset limit for a couple.
7. There are responsibilities and unexpected issues after filing the application.
8. Medicaid has a five year look-back period for gifts.
9. Paying for caregiving before going to a nursing home may cause a penalty and
significant financial issues.
10. Plan to avoid estate recovery before filing for Medicaid.
Haans Mulder Jessica Arends
phmulder@holland-law.com jessica@holland-law.com
321 Settlers Road, Holland, Michigan 49423
Phone: (616) 392-1821 | Website: www.holland-law.com