MEDICAID SPEND DOWN
Let me guess… Someone just told your family that (1) nursing home is $6000 a month; (2) you have to spend your own money before you can qualify for Medicaid; (3) if you spend your Money incorerctly, you may not qualify for Medicaid.
WELL – HERE IS MY ADVICE. Find a Medicaid attorney in your area. Someone who knows the state laws and can advise you how to spend down your money.
People will tell you all these crazy things – 5 years, 3 years, buy a car, sell the house. Don’t guess, hire a professional.