When seniors apply for long-term care assistance, many are shocked to learn that Medicaid requires them to “spend down” assets before qualifying. While most expect to use savings or retirement funds, the program may also count certain belongings as assets that must be sold. This process, known as asset liquidation, is designed to prevent people from shielding wealth while receiving government aid. Unfortunately, it can create emotional and financial challenges for families. Here are seven surprising items that Medicaid may force you to part with before granting support.
