Many people assume that Medicare will fully cover their long-term care needs, but the reality is more complex—and potentially costly. One of the most misunderstood benefits is the 100-day coverage.
Benjamin Franklin once said, “Nothing is certain except death and taxes.” With that in mind, prepaying funeral expenses is a strategic and practical way to spend down assets when applying.
Medicaid provides essential healthcare coverage for low-income individuals, including seniors and people with disabilities. However, to qualify, applicants must meet strict income and asset limits. In many states, an individual.
To qualify for long-term care under Medicaid, applicants must demonstrate limited income and assets. Rules vary by state, but generally, an income exceeding $2,742 per month (2023) and countable assets.
