What Is The Community Spouse Resource Allowance?
There may come a time where one spouse needs to file for Medicaid long-term care, but the other spouse does not. In cases like these, it is crucial to understand the financial rules and limitations this situation presents.
Can gifts be made to family members each year within the IRS guidelines without affecting the five-year look-back period for Medicaid if mom or dad eventually needs to be placed in a nursing home?
It is a common misconception that the IRS gift exemption extends to Medicaid rules. It does not.
