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Articles related to focusing on healthy aging, prevention, mobility, cognition, nutrition, independence, and caregiving support.

5 min

Do nursing homes take all your assets? Understanding asset protection and Medicaid

The idea that nursing homes simply "take" a patient's assets is a common misconception, yet the cost of long-term care can indeed consume a lifetime of savings. It is not the nursing home that seizes your wealth, but rather the process of qualifying for and receiving Medicaid, the primary payer for long-term care, that requires spending down assets to meet strict eligibility limits. Navigating these complex financial rules is critical for anyone concerned about how to pay for long-term care and what happens to assets if you go into a nursing home.

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