Sentences with phrase «in countable assets»

There are some exceptions, but in general an individual must have less than $ 2000 in countable assets before Medicaid will pay for LTC.

And married couples living in the same house are only allowed $ 3000 in countable assets.

There are some exceptions, but in general an individual must have less than $ 2000 in countable assets before Medicaid will pay for LTC.

The purchase of a Single Premium Immediate Annuity can be advantageous in the countable asset calculation, because it can be earmarked as a separate income stream and is not subject to liquidation of assets used to pay confinement care type costs.

Not exact matches

If the children own the policy, there is a substantial likelihood that the life insurance premium will not be included in the parents» countable assets, which is also beneficial in terms of Medicaid eligibility requirements.