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Reply to "Explain hiding assets from medicaid"
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[quote=Anonymous][quote=Anonymous][quote]the couple’s assets can be fully drained[/quote] They don't have to be. 50% spent on 1 member of the couple is all that's expected.[/quote] Well, it depends how much your assets are. The "community spouse" may keep 50% of all assets up to $100,000. So yeah, if your assets are $200,000 the "community spouse" may keep half or $100,000. If your assets are $900,000, the well spouse gets to keep $100,000 for his/her retirement, and $800,000 needs to be spent down on approved things (like a few years in a nursing home) before the ill/disabled spouse will qualify for Medicaid.[/quote]
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