She'll Enter a Florida Nursing Home on Medicaid With $600,000 Still in Her IRA. Because the Account Pays Out Every Year, the State Won't Count It as an Asset. The Income Is a Different Story

She'll Enter a Florida Nursing Home on Medicaid With $600,000 Still in Her IRA. Because the Account Pays Out Every Year, the State Won't Count It as an Asset. The Income Is a Different Story

Florida has a narrow rule that lets a Medicaid applicant walk into a nursing home with a six-figure IRA still sitting untouched, but the moment that account starts paying out, a different problem takes over entirely.