The nursing home costs $13,000/month. Will the state take my house to pay for it?

This week, a client emailed me an article from Moneywise's retirement section that discussed Medicaid estate recovery. Read the article here -  The reason we plan is so that Medicaid won't take our house or impoverish our family. This link shows what different states let us keep and still qualify for Medicaid to pay for our care - There are several ways to protect against the risk of needing help living at some point in our lives.   Many people think, "I'm healthy. Why would I need long term care assistance?" A lot of times, we don't need help because we're sick.  It's because we get old and become more frail.  It's hard to imagine we may be frail at some point, but our aging parents used to be stronger and more agile than they are today.  Why would we be any different if we live a long life? We need to prepare today for that day when life gets more complicated and difficult for us and for our families. No one really wants to rely on the state for care and be "put" into a Medicaid bed in a nursing home.  We want to stay in control throughout our lives. Having a plan that uses some insurance and some savings/income wil help us to maintain that control  We are paying for our own care, so we get to decide where that care will be provided. Given a choice, it won't be in a nursing home.  And the state won't be involved in out financial plan. Let me help you prepare for your tomorrow today, whle you are yong enough and healthy enough to obtain a LTC plan that meets your unique needs. Schedule