Start Nursing home spouses dating

Nursing home spouses dating

However, there are many strategies to also protect the remaining funds for the at home spouse, including establishing a Medicaid exempt annuity.

By doing this, the newly purchased exempt assets will no longer be included in the CSRA calculation, which will significantly lower the protected amount the Community Spouse is allowed keep.

For example, a couple with $180,000 in countable assets has a CSRA of $90,000.

The remaining $90,000 can be protected by transferring it into a Medicaid exempt annuity, which will now be considered an exempt asset.

This amount is actually based on a federal gift tax law and has nothing to do with Medicaid laws.