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The laws concerning IRAs application to Medicaid are not simple. They are based upon whether or not they have been converted to some that is paying out benefits, like an annuity. If not, they are considered "countable" assets in determining eligibility for Medicaid. If they are countable assets, they must be spent down to the $2000 so that you can qualify. This is a very complicated area of law. I can't send you the statute because it is too long and involved and you wouldn't understand it. Here is an article by attorneys that might help, but as I said, it is complicated. You would be better off to consult a local Elder Law attorney in your area who can analyze exactly what your situation is, knowing how much you have and what it consists of.
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