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Nursing Home Costs and Medicaid Strategies | Health and Fitness News
Nursing home costs can hit $9,000 a month—Medicare won’t cover long-term care, only up to 100 days. Medicaid is your real lifeline, but it’s not automatic: you must have under $2,000 in assets and survive a five-year asset transfer look-back. Smart moves like spend-down strategies, burial accounts, or home modifications can help—but timing and legality matter. Veterans may qualify for VA Aid & Attendance. Life insurance, retirement accounts, or home equity loans offer alternatives, each with unique rules. Navigating this requires expert help—elder law attorneys and financial planners are…
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