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Question regarding Medicaid for Assisted Living. Our father will be moving to assisted living. Will Medicaid help pay for this? We don’t know much about it. He has about $75k. His home costs about $150k. That’s all for assets. No debt. Anyone know?
ConnieFor MCD to kick in, he will need to spend down assets to about $2k or less. ALF liaisons will be able to assist you on the MCD process, they deal with it daily. He will likely then transition to a nursing home facility.
CalebAnd Medicaid usually has a 5 year look back period so you just can’t transfer the assets to children last minute.
Tati2k or less in account… there is a look back period also
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