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Author: ResN Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76397  
Subject: Re: Big Problems wth LongTermCare Insurance Date: 7/11/2013 10:06 AM
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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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