Many couples in this situation apply for Medicaid benefits. In Massachusetts, Medicaid is administered by MassHealth. In order to qualify for MassHealth nursing home benefits, an individual may only have $2,000 in countable assets. For married couples, the institutionalized spouse may only have $2,000 in assets and the community spouse may only retain a certain amount of countable assets, called the Community Spouse Resource Allowance (CSRA), which is adjusted yearly. As of 2021, the CSRA is $130,380.
https://www.northshoreplanning.com/wp-content/uploads/2021/02/brandon-campbell-logo-300x90.png 0 0 competenow https://www.northshoreplanning.com/wp-content/uploads/2021/02/brandon-campbell-logo-300x90.png competenow2021-02-08 20:41:222021-02-08 20:41:22My spouse requires nursing home care. What can I do if my spouse and I can’t afford it?