Can An Irrevocable Trust Protect Your Assets From Medicaid
Long-term care in a nursing home can be expensive. In 2020, the average cost for a semi-private room was $7,756 per month, increasing to $8,821 per month for a private room. When you consider the average Social Security payout in June 2020 was about $1,500 per month, this leaves seniors to struggle to afford the care they need. It’s no surprise that so many people turn to Medicaid for help. Medicaid pays for nursing home care more than any other type of insurance....