When a married couple is facing a health crisis for one spouse, there is a myriad of issues to sort through. What care will be needed? Where will care be provided? How will it be paid for?
Medicaid is a government program that pays for long term care. Oftentimes, the couple will utilize Medicaid for the spouse facing long term health care needs. There are rigid resource and income requirements to qualify for Medicaid and planning options available that are beyond the scope of this post, but have been discussed in other blog posts on this site, including http://www.perlalaw.com/medicaid-planning-with-annuities-for-married-couples/… Read the rest