Thankfully, you do not have to spend all your money. However, Medicaid does have strict requirements for income and assets, so you should be mindful of your assets and how Medicaid views them. Luckily, there is a non-countable category for Medicaid. Therefore, they most likely will not count your primary residence, car, and personal items against you when you apply. Further, having a healthy spouse can be beneficial. They can keep a portion of your assets while still allowing you to apply for Medicaid. If your assets and possessions exceed what is allowable, then careful planning is necessary. You may be able to transfer assets or provide gifts to your loved ones before the five-year lookback period. Plus, setting up a Trust is a strong option. Please join us for a live educational workshop or contact our office before making any changes to your assets.