Proper Medicaid planning techniques for individuals with disabilities can take a number of different forms, depending upon the circumstances. Many issues factor into the decision regarding the appropriate Medicaid planning techniques to be used in a particular situation. Medicaid planning is not a “one size fits all” process.
It Doesn’t Take Much to Tip the Scale
Medicaid rules place stringent limitations on the assets a recipient may own in order to qualify for benefits. In Louisiana, persons receiving Medicaid long term care benefits cannot own more than $2,000 worth of “countable” assets in order to be eligible to have Medicaid pay for their long term care needs.