When determining whether an individual qualifies for Medicaid, states impose both functional and financial tests. Functional means that the applicant must demonstrate medical need. Financial means that such an individual must demonstrate financial need. With proper planning though, it’s possible to meet the financial need prong even if assets exceed the threshold amount set by the state. Read on to learn more.
Latest posts by Charlie Amen (see all)
- The SECURE Act – the Gift That Keeps On Giving - October 12, 2023
- A Real-Life Look at the Application of the Slayer Statute - October 5, 2023
- Gen X – This One’s for You (Really Every Generation Should Read This) - September 27, 2023