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Transferring
Assets to Qualify for Medicaid
Is it
really a good idea?
l
Criminal Offense if done to
falsely impoverish oneself
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Divorce
l
Mis-use of Funds
l
College Financial Assistance
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Change in Look-back periods
(36/60 mo.)
l
Lose Control
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Financial Difficulties
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Lawsuits
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Early Death of Child
Number of
Workers Decline
The government can no longer
afford to pay the bills!
Worker to Social Security
Recipient Ratios
1935
40 to 1
1989
3.4 to 1
2020
1.8 to 1
Ave Wave,
Kenneth Dychtwald, Ph.D. and
Joe Flower,
Bantam Books, 1989
Will my major
medical policy cover
my long-term care?
No.
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Major Medical insurance is
designed to cover health
care services provided to us
for accidents and
illness…from which we expect
recovery.
-
Major Medical
Insurance generally does not
provide custodial services
to us while we recover,
whether short term or long
term.
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