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 Michael O'Brien (see all)
- The Joy in Joint Trusts - June 8, 2023
- The IRS’ Annual Warning: The 2023 Dirty Dozen - June 1, 2023
- How Tax and Non-Tax Considerations Impact Estate Planning – Part II - May 25, 2023
