In Iowa does the state take all assets if a person is moved to a nursing home?
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No, that's not really how it works. There are limits on the value of assets that a person may have and limits on the amount of income a person may have before that person can even qualify for Medicaid.
Assuming the person does qualify for Medicaid, that person keeps the assets and income below the limits. Then, on that person's death, those assets and accrued income are used to pay the state back for Medicaid expenses. This is known as estate recovery.
If the person doesn't qualify due to having assets worth too much, that person must generally sell those assets and then spend the money (or give them to children or others and then wait the penalty period before qualifying for Medicaid).
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