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Each fall, the Centers for Medicare & Medicaid Services (CMS) renews the federal guidelines that seek to protect individuals whose spouses are applying for or receiving Medicaid...
It's a question that many face in their golden years, often shrouded in uncertainty and anxiety: Can a nursing home take your savings, including assets like a $100,000 individual retirement account (IRA), personal savings, a house and other possessions? This concern becomes particularly pressing as you plan for the unforeseen events of life, where the need for long-term care can arise unexpectedly. Understanding the financial implications of nursing home care is crucial for safeguarding your har
Under Medicaid, the spouse who is not applying for long term care Medicaid is the community spouse. in 2023 Illinois increased the amount of Community Spouse Resource Allowance CSRA increased to $120,780 to qualify for Medicaid a married person can retain $3715 in monthly income