The free 2017 New York NURSING HOME MEDICAID GUIDE answers ” does a living trust protect assets from a nursing home?” It also answers these frequently asked  questions:

  • What are the 2017 asset and income levels that allow Medicaid eligibility?
  • What is the 2017 Medicaid penalty regional rates?
  • What resources are not counted when determining Medicaid eligibility?
  •  How can an individual whose income exceeds the Medicaid limit still qualify for Medicaid?
  • What are the transfer of asset rules?
  • Will Medicaid pay for home care?
  • How do Medicaid rules differ for a single person and a married person whose spouse is still living in the community?
  • What are the advantages of creating a Medicaid Trust?
  • What is Medicaid?
  • What is a Medicaid trust?
  • When is a person over age 65 eligible to receive Medicaid?
  • What are Department of Social Services’ (DSS) requirements to determine Medicaid eligibility for long-term care?
  • What is “spending down”?
  • Can I give my home to my son/daughter so the nursing home won’t take it?
  • Are Medicaid Trust assets considered when Medicaid eligibility for Long-Term Care is evaluated?
  • What are the disadvantages of creating a Medicaid Trust?
  • Can I change my mind after I create a Medicaid Trust?
  • How are assets managed when part of a Medicaid Trust?
  • Who can be a trustee for a Medicaid Trust?
  • Why create a Medicaid Trust?

Consult with an Elder Law Attorney for advice on protecting your assets in the event you need to go to a skilled nursing facility.