The Top 5 Misconceptions about Long-term Care Medicaid Eligibility

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Beneficent: LTC Funding Education & Options

For more information about the author, click to view their website: Beneficent

Posted on

Apr 03, 2024

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Colorado - Colorado Springs

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What You Have Heard
Ask yourself, was the info you heard from a Certified Medicaid Planner?

Medicaid Misconception #1 - You can only have $2,000.

  • FACTS
    Single applicants have a resource limit of $2,000. (in 2024) A married applicant has a resource limit of about $150,000. (in 2024)


Medicaid Misconception #2 - Your home will be taken from you if you are on Medicaid.

  • FACTS
    All applicants are allowed to have 1 home and 1 car. There are ways to avoid Medicaid estate recovery, an applicant can receive Medicaid and keep their home.

Medicaid Misconception #3 - You make too much money.

  • FACTS
     If you are over the income limit, Beneficent can provide the legal steps using the Medicaid code to bypass being over the income limit.


Medicaid Misconception #4 - You must spend down to $2,000 to qualify for Medicaid.

  • FACTS
    This is an option, however not your only option. If you want to preserve the hard-earned assets you or your loved one has worked their entire life, you can!


Medicaid Misconception #5 - Why doesn’t everyone apply for Long-term Care Medicaid if the other outcome statements are true?

  • FACTS
    Many are deceived by misinformation and preconceived notions. There's a game-changer you need to know about - Certified Medicaid Planners (CMP) - we know the rules and regulations.


You can find all the CMPs in the United States here, (https://cmpboard.org/locate-a-cmp/ there aren’t too many of us! 

Need to schedule an appointment with one of our Certified Medicaid Planners at Beneficent? Book here (https://calendly.com/doinggoodforothers) or call our office (719.645.8350) for more appointment times.

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