Even though the Medicaid program seemingly has strict financial requirements, the reader should now realize that there are options with which a family can qualify for benefits and preserving a large part of the assets for the remaining family members or the person in the nursing home. Planning to protect assets and obtain benefits for long term care takes careful consideration of the entire financial picture of the applicant and spouse. With the proper planning and implementation of a plan, a significant amount of assets can be saved. Also, someone should be appointed through a power of attorney or trust to manage your affairs in case you can not. Failing to plan will result in requiring the assets to be spent on nursing home bills until the asset eligibility levels are eventually reached, leaving a spouse without the necessary funds to maintain her life-style or exhausting your heirÍs inheritance.

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