Medicaid/MassHealth Planning-Protecting the Personal Residence
Without proper planning, many people do not realize the financial cost that a nursing home or long-term care placement can have upon the assets of an individual needing such care until it is too late to protect the assets. In most cases, for an individual to even qualify for MassHealth (the Massachusetts component of Medicaid), that individual will need to deplete his assets down to about $2,000. That means that an individual could be forced to liquidate and spend away any sa