<p>Although your life insurance policy may pass to your heirs income tax-free, it can affect your estate's tax liability. </p>
<p>The Trump administration will allow states the option to cap Medicaid spending using block grants. While this change does not directly affect nursing home residents on Medicaid, it could result in significant service cuts to other beneficiaries. </p>
<p>The basic Medicaid rule for nursing home residents is that they must pay all of their income, minus certain deductions, to the nursing home.</p>
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