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A Medicaid ‘spend down’ may get an older person long-term care coverage but isn’t a DIY strategy

As the youngest baby boomers approach their mid-60s, many families, couples and individuals may be planning to rely on savings, unpaid caregiving arrangements or Medicaid, the joint state and federal assistance program for the poor. The first two options can prove inadequate, while qualifying for residential care under Medicaid is difficult due to the program’s low income and asset limits.

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