It was mentioned that Medicare will pay once assets have been expended, but I think it's actually Medicaid that does that. And yes, there is a 5 year look-back period. I think to qualify you can have no more than $2,000. I also think they do allow you to have your home and one vehicle, but I may be completely wrong on that. It's been years since I looked into it.
That's right, Medicaid applies to some things , Medicare for others. Never figured that one out , the $ all comes from the same place . Guvment bureaucracies .
If you go to permanent nursing home you have to liquidate all assets down to $2,000 cash ( I think) and pre plan funeral . My wife went through this with her Father. You set up a trust , and use the patients $ first , down to the amount allowed.
