The Top 5 Misconceptions about Long-term Care Medicaid Eligibility


Beneficent: LTC Funding Education & Options

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

Posted on

Apr 03, 2024


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.

    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.

    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.

     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.

    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?

    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, ( there aren’t too many of us! 

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

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