Does a spouse go broke paying for care?

And some of the terminology that I use when I talk about financial eligibility is a community spouse and an institutionalized spouse. So if we have couples who are married, one spouse needs long-term care, that we call the institutionalized spouse. And the spouse who doesn’t need care is the community spouse. And then spousal impoverishment rules are rules that are federal rules that were put in place to protect the community spouse, so that if the institutionalized spouse needs long-term care, the community spouse isn’t impoverished. They don’t have to spend all of their money in order to pay for that care. So I want to talk about asset categories.

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