This article addresses the new guidance issued by CMS which seeks to bolster standards for nursing homes in the U.S. that accept Medicaid.
Good Medicaid planning ahead of time in drafting the judgment will be critical in determining whether the family – or the state – will be awarded more or less of the judgment.
Can you use a reverse mortgage for long-term care?
Most Americans don’t have long term care insurance, and Medicare will only pay up to 100 days in the nursing home. Unless you want to use your assets – and potentially lose your home – then a good Medicaid long term care plan is a wise decision.