The Listen to Lawrence Letter: Medicaid Income Test

CLIENT QUESTION:

You created a trust for my husband and me several years ago. My question is will my pension combined with Social Security be used to determine my eligibility for Medicaid?

MY RESPONSE:

Yes! All of your income is used to determine your eligibility for Medicaid, including pensions, Social Security, and amounts you must withdraw from your retirement plans. However, there are still ways for us to save much of this income, depending upon where you need the care and your marital status.

And, if anyone you know would like to

receive this Listen to Lawrence Letter just

tell them to send their email address to info@davidowlaw.com and I’ll add them to the list!

As always, please send your questions in! If you are thinking about it, others are probably too, so my answers will no doubt help you and many others.

Let’s stay connected. Stay safe!