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URL:  http://boards.fool.com/if-there-was-no-way-to-protect-assets-from-30770700.aspx

Subject:  Re: Big Problems wth LongTermCare Insurance Date:  7/11/2013  10:06 AM
Author:  ResN Number:  72554 of 74759

If there was no way to protect assets from medicaid, a lot of people would simply spend down all their money as soon as they have a qualifying event - regardless of how long their stay might be.

I would guess that you might not ever have been in a Medicaid only nursing home...i.e., a nursing home that accepts Medicaid in full payment for the stay. They frequently aren't the nicest places to be, or for family to visit.
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