There are usually asset and income limits for Medicaid, income usually for health insurance, also asset for elder care (which you didn’t indicate you use nor need).
So in some states there are medicaid income trusts you can use to deposit your income, then the trust can spend on certain types of expenses, paying your bills directly.
Would be cleaner to deposit just whatever excess income you have to the trust and no more. Getting your income into an acct outside the income trust and moving to the trust does not cause a problem keeping Medicaid in my state.
What state ?
Find elder attorney whom are all familiar with medicaid rules and trusts.
So in some states there are medicaid income trusts you can use to deposit your income, then the trust can spend on certain types of expenses, paying your bills directly.
Would be cleaner to deposit just whatever excess income you have to the trust and no more. Getting your income into an acct outside the income trust and moving to the trust does not cause a problem keeping Medicaid in my state.
What state ?
Find elder attorney whom are all familiar with medicaid rules and trusts.
Statistics: Posted by beyou — Thu Dec 14, 2023 11:22 pm — Replies 4 — Views 378