No. of Recommendations: 1
I've found that marriage while living does NOT confer tax savings, just by the simple fact that Medicaid levels differ wildly when comparing two single adults with low incomes and two married adults with same. If each makes, say, 16K/yr., they both easily qualify for Medicaid in NY state but 32K for a couple puts them in a different bracket where they'd be subsidized but not fully Medicaid. Which matters if you could have a lot of copays and other expenses...

or am I wrong and not knowing about benefits that are available?


Getting divorced is one strategy for saving the finances of the healthy spouse when dealing with nursing home expenses.

If you're already single, that would seem to be a benefit.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.