James D. Perry Discusses 2009 Medi-Cal Resource Limits in LA Times Article
In an article in yesterday’s Los Angeles Times, Delia Fernandez, a Certified Financial Planner outlined the long term care strategies available to an elderly couple in a decling real estate market. Ann Marsh, the writer for the LA Times called me for information on the Medi-Cal Rules. Check out the article if you get a chance.
A large number of the elderly and disabled persons who receive long term care in nursing homes are eligible to financial assistance in paying the nursing home throught the Medi-Cal program. As an elder law attorney I assist clients with eligibity for Medi-Cal Long Term Care.
Eligible single persons are limited to $2000 in countable assets. Married couples are allowed to have considerably more assets so the a spouse at home is not impoverished before the ill spouse can qualify for Medi-Cal assitance. Certain assets are exempt including the family home house, household goods and most personal property, and a car.
James D. Perry
Tags: Elder Law, Estate Planning
