Question: My mom suddenly needs to be in a nursing home. Should I spend down her assets so she qualifies for Medicaid?
Answer: If you’re in a situation where your mother needs nursing home care, you may be thinking your only option is to spend down her assets so she can qualify for Medicaid. Unlike Medicare, Medicaid does pay for long-term care. But whittling an older parent’s money down to their last dime may not be the only solution.
