Title 19 divestment
How much in assets can someone have and still qualify for Title 19?
A single person can only retain $2,000 of non-exempt assets in his or her name. a married couple are allowed to keep more but will still face significant limits if one or both spouses require long term care. In both situations, the individual or married couple can take steps to preserve their estate. Attorney Hanson can assist with developing an appropriate plan to qualify for Title 19 benefits to help pay for the costs.
What is Title 19 divestment?
What is Title 19? Tile 19 (also called Medicaid) is a program administered by the states, funded with state and federal dollars that pays the medical bills for some disabled people and for medically-needy elderly persons in nursing homes who meet various financial and asset requirements. At the Hanson Law office, we specialize in advice regarding the management of assets for those planning to be or already in a nursing home.
How much in assets can someone have and still qualify for Title 19?
A married couple can retain non-exempt assets of between $52,000 and $86,120 - depending on their assets at the time one of them enters a nursing home - and still qualify for Title 19 payment of nursing home expenses. A single person can only retain $2,000 of non-exempt assets in his or her name.