Estate administration of protection of assets from nursing home costs is the latest challenge for seniors where government is demanding an uncapped spend down of their asset if one of them falls victim to a nursing home. Canada and some other countries offer this benefit as part of their rights, since they contributed to their Medicaid system during their working years. The United States apparently, is going the route of demanding that seniors cover their own expenses, even if they carry private plans. What hurts the most is that there’s no cap on what has to be the spent down under the new provisions mandating that all states adopt the new federal guidelines on nursing home eligibility or lose their federal funding.
Read more: Protecting assets in the event of nursing home admission – Port Huron Times Herald