Tag: Medicaid look-back period
Estate Planning that Anticipates the Medicaid Look-Back Period
Posted on May 24, 2026
Many families who have worked hard to build significant wealth assume they will simply pay for long-term care if the need arises later in life. However, nursing home care and advanced assisted living services can quickly burn through far more money than most people plan for. According to Genworth’s Cost of Care Survey, the national median cost of a private nursing home room now exceeds $100,000 per year in many parts of the country. For married couples, the cost of extended long-term care can greatly reduce assets that were meant […]
Using Medicaid Trusts for Asset Protection and Long-Term Care Planning
Posted on February 13, 2026
The cost of long-term care continues to rise in 2026, and many Illinois families face difficult financial decisions when a loved one needs nursing home care or home health services. One powerful tool for protecting your assets while qualifying for Medicaid benefits is a Medicaid Asset Protection Trust, also called a MAPT. In 2026, the asset limit for Medicaid long-term care is $17,500 for individuals, according to the Illinois Department of Human Services. This means that if you have more than $17,500 in countable assets, you must spend down those […]
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