Eldercare and Special Needs Planning

Free CFP Exam lesson in Retirement Savings and Income Planning. 16 min read, ~2,474 words.

Medicare is federal, not means-tested, and covers only skilled care (100-day max), never long-term custodial care. Medicaid is means-tested and does cover long-term custodial care. Asset limit ~$2,000 single. Community Spouse Resource Allowance: ~$154,140 (2026) protects the at-home spouse from impoverishment. Five-year lookback: gifts within 60 months trigger a penalty...

What this lesson covers

• Content
• Example 1
• Example 2
• Common Mistakes
• Check Your Understanding
• Exam Shortcuts

Learning objectives

• F.46

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