Are bonds and zero bonds that are considered assets?
Are bonds and zero bonds that are considered assets for the patient are they touchable by the state or feds to have them liquidate to pay for the nursing home expenses? Are CD's?
If you are single and applying for Medicaid, all of your financial assets are considered available to be spent on nursing home care. It does not matter what products they are invested in. Stocks, government bonds, zero coupon bonds, corporate bonds, CDs, etc. must all be spent down to the resource maximum for your state. One exception to immediate liquidation is that some states allow you to keep your IRA as long as you contribute your required minimum distributions to your nursing home care.
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