Sometimes I Feel Like a Piece of Bologna

Tuesday, January 23, 2007

Medicaid Asset Protection

I’ve been very confused about the Medicaid rules. They’ve changed recently, and everyone I talk to seems to be operating under a different set of rules.

Rocco Beatrice at Home Related Finance discusses the new rules, including look back waiting periods. It would appear that any loopholes that used to exist don’t anymore. We talked to consultants who want to charge $10,000 or more for the possibility of protecting my mom’s assets and qualifying my step dad for Medicaid. I’m not convinced it’s worthwhile, especially after reading this article.

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