By Dennis Sullivan & Associates
Last week we were discussing John’s difficulties spending down his mom’s remaining assets, not getting caught with too much at the end of the month to qualify for Medicaid, but not enough to cover the private pay rate. So how does one avoid this Medicaid “trap”?
As we approached the final few months before the targeted Medicaid pickup date, we needed to project all expenses and income each month. Knowing that Medicaid allows the prepayment of funeral expenses, John had wanted to set up an i...






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