Medicaid if You Have Too Much Income
Answers For Elders Radio Network · Suzanne Newman
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Show Notes
If you're applying for Medicaid, what happens if they say you have "too much income?" Elder Law Attorney Jim Koewler joins Suzanne to discuss this interesting scenario.
You would need to seek a lawyer, set up a qualified income trust, called a "Miller trust," and then you have to use that trust every month, in order to even qualify for Medicaid. Income is a monthly event, so watch your state's rules, which can be very complicated.
Learn more at http://www.protectingseniors.com or email Jim at [email protected].
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