Protecting Your Assets from Nursing Home Costs What Arizona Families Need to Know
As we grow older, the need for long-term care becomes more likely—bringing with it concerns about preserving hard-earned assets from being consumed by nursing home expenses. In Arizona, the Arizona Long-Term Care System (ALTCS), part of the state’s Medicaid program, helps eligible individuals cover the high costs of long-term care. However, qualifying for ALTCS requires meeting strict financial limits, often forcing applicants to reduce their assets to below $2,000.
Without proactive planning, this process—commonly known as “spending down”—can place serious financial strain on a healthy spouse and significantly reduce the inheritance left for loved ones.
Mark Fishbein, the lead estate planner at ALTA Estate, has guided many families through this complex process. His team specializes in l...