Florida Elder Law & Estate Planning Blog
Do I have to go broke to qualify for Medicaid benefits for long-term care?
September 27, 2019
Jonathan D. Karp
A question that we commonly receive is, Do I need to go broke and spend all of my money in order to qualify for Medicaid benefits in the event that I need long-term care or a nursing home? The answer is, with our office’s assistance, oftentimes you don’t need to spend down everything. There are many totally legal, above-board strategies that can be implemented for you to preserve your assets in the event that you do need long-term care. Contact our office so we can evaluate your family circumstances and your assets, and determine what Medicaid benefits, if any, may be available to you.