While many people amass a great deal of wealth during their lifetimes, for the average middle class person, the family residence is his/her most valuable asset, and the concern of losing this asset to pay for one’s long term care is daunting, painful and overwhelming.
The answer to this frequently-asked question depends on each individual’s specific situation. Firstly, in the context of Community Medicaid, which covers home care, the applicant’s home is exempt. In such instance, the applicant can receive benefits and will not lose his/her home.
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