Medicaid Planning: How Is My Spouse Impacted?

There is a great deal to take into consideration when you are planning ahead for your senior years. You may be under the assumption that Medicare will take care of all of your health care expenses, and you may also assume that Medicaid is not relevant to you. In fact, Medicare does not pay for everything in full. There are out-of-pocket expenses that you should be aware of when you are budgeting for your retirement years. These would include co-payments, deductibles, and monthly premiums. The out-of-pocket expenses are only part of the equation. Most senior citizens will eventually need help with their activities of daily living, and Medicare does not pay for long-term care. Medicaid does pay for living assistance, and this is why it is relevant to a significant percentage of senior citizens. Medicaid Planning It takes careful planning to qualify for Medicaid coverage, because it is a need-based program. Most people retire with some resources, and the income and asset limits are very
http://www.preserveyourestate.net/medicaid-planning-spouse-impacted/

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