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Presentation Institutional Connecticut Medical Assistance Program  Form

Presentation Institutional Connecticut Medical Assistance Program Form

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[Music] what you may have heard is that there is a big secret the nursing home doesn't want you to know before I tell you about the big secret I'd like to show you what the nursing home will tell you if you go in to talk to them about placing a loved one what I want to show you is a very typical scenario that comes into our office hairy husband and Wanda wife Harry has had a stroke and needs nursing home care because Wanda can't take care of him at home so the nursing home will say Wanda you're going to be at home so we're going to set the how society now you have about a hundred thousand dollars in CDs cash money market and investments Harry has an IRA with about a hundred thousand dollars Wanda has an IRA with about 75 thousand for a total of a hundred and seventy five thousand that really isn't worth a hundred and seventy five thousand because they haven't paid the taxes on it for income harry has about two thousand dollars a m

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