Nursing Home Finances May Tighten; Patient Assets Facing Greater Scrutiny
The Milwaukee Journal Sentinel › January 30, 2006
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Summary
People fated to spend the last years of their lives in nursing homes could have a harder time passing on modest inheritances to their children in coming years.
This week, Congress is expected to pass legislation that would tighten restrictions on transferring assets before applying for government assistance to pay for nursing home care.See the full content of this document
Extract
Nursing Home Finances May Tighten; Patient Assets Facing Greater Scrutiny
The legislation, part of a broad bill to lower spending on Medicare and Medicaid, is designed to make it harder for families to shift the cost of nursing home care to the government.
But it also gets into the knotty issue of how much the government should help people pay for nursing homes and whether they should be allowed to keep at least a portion of what they have saved over a lifetime."It's...See the full content of this document
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