Do IRAs affect Medicaid eligibility?

With proper Medicaid planning, IRAs can be considered exempt for Medicaid eligibility.  This means that the money in an IRA does not need to be spent in order for someone to qualify for Medicaid benefits.  These benefits can be used to help pay for assisted living facility costs without depleting IRA assets.

For personal Medicaid planning services, please contact our Florida Board Certified Elder Law Attorney Babette Bach at (941) 906-1231.