You may be able to buy a Long Term Care insurance policy that covers more than just one person, or more than one kind of Long Term Care service. The benefits these policies provide often are called “pooled benefits.”
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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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