Medicaid Myth

Myth: Should I liquidate my retirement account to qualify for Medicaid?

Fact: This is not necessary at all as retirement assets are exempt from Medicaid as long as you are taking the minimum required distribution.

Myth: Medicaid is only for poor people.

Myth: You have to spend down all your assets to qualify for Medicaid.

Myth: Medicaid can take my house from me.

Myth: My monthly income is too high for Medicaid.

Myth: Once I get Medicaid, I’m set for life.

Myth: I’ll have to change doctors if I’m on Medicaid.

Myth: Should I liquidate my retirement account to qualify for Medicaid?

Myth: Don’t I automatically receive Medicaid at age 65?

Myth: I have a pension. Does this mean I can’t qualify for Medicaid?

Myth: So what exactly IS a Pooled Income Trust?