Discussing Long Term Care is difficult for both adult children and their parents. Waiting until a parent is ill or becomes frail due to an accident causes even more stress, so it’s important to begin the conversation early.
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|Medicaid Minimum Assets & Income Per State|
The table below gives the minimum assets and income each state allows nursing home residents and their spouses to keep as of July 1, 2014. The federal government sets new minimum and maximum amounts each year, but states can set their own minimum requirements at any level between the federal limits.
* These are "income cap" states. If your income is higher than $2,163 a month, you cannot qualify for Medicaid even after spending down all assets, unless you set up a Miller trust.
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