This is one of the most feared terms for any retired senior. It is so frightening because when you must turn to Medicaid you have run out of assets to take care of yourself. When that happens you must turn to the government and ask for help through the Medicaid program. The government will help you but they will force you to liquidate any remaining assets, such as your home, a second car, or family keepsakes that you were hoping to pass on to your children. You must rid yourself of these assets until you are down to $1500.00. There are a number of provisions you must meet and the Deficit Reduction Act of 2005 has complicated the process even more. You need to speak to an educated advisor who will help you work around Nursing home spend down.

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