Spending down virtually all of your money is one path to becoming eligible for Medicaid. However, you don’t have to do that. There are a number of entirely legal and proper strategies that can be used to protect your assets or income, and at the same time become eligible for Medicaid. Click here to Find Your Situation.
For effective planning, if you are making any transfers of your assets now, the five-year look back period must be taken into account.