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Reply to "Explain hiding assets from medicaid"
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[quote=Anonymous]Assets for spouses in Maryland https://aging.maryland.gov/Documents/Medicaid%20Q+A.pdf [quote]All resources owned by either spouse are added together to determine eligibility. It does not matter which spouse owns the resources. This includes resources owned jointly with someone else unless you can prove the other person actually owns the resources. (For example, joint bank accounts owned with relatives are counted in full.) The couple’s total resources as of the date you go into a nursing home (called the “snapshot date”) are added up. The spouse at home is allowed to keep the larger of these two amounts: a.) Up to $23,844 of the couple’s combined, non-exempt resources; or, b.) One-half of the couple’s nonexempt resources, up to a [b]maximum of $119,220[/b][/quote] The spouse also can keep the house, generally. It doesn't have to sold, but ALL retirement savings need to be spent, except for $119,220. [/quote]
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