When determining whether an individual qualifies for Medicaid, states impose both functional and financial tests. Functional means that the applicant must demonstrate medical need. Financial means that such an individual must demonstrate financial need. With proper planning though, it’s possible to meet the financial need prong even if assets exceed the threshold amount set by the state. Read on to learn more.
Latest posts by Dennis P.Lee (see all)
- The Joy in Joint Trusts - May 30, 2023
- Medicaid Planning - April 15, 2023
- What Happens When You Don’t Trust Your Trustee – Part II - March 29, 2023