Does Medicaid Count Assets In My Living Trust?

You are probably aware of the fact that Medicaid is a government program that is in place to provide a source of health insurance for people who have very limited financial resources. If you are a working person, you may well have health insurance through your job, and you probably would not qualify for Medicaid due to the income and asset limits. Though Medicaid is not relevant to the majority of American workers, at some point, it can become quite relevant, even if you are qualified for Medicare coverage. This is because of the fact that Medicare does not pay for custodial care, which is the type of care you would receive in a nursing home or assisted living community. Seven out of every 10 seniors are going to need help with their activities of daily living, and nursing homes are very expensive. Here in the greater Hartford area where we practice law, a year in a nursing home can easily cost you over $100,000, and people often require multiple years of care. Medicaid Eligibility Re


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