The amount of money that spouses of Medicaid recipients can keep may increase in 2009, as a result of new guidelines issued by the federal Centers for Medicare and Medicaid Services. The amount of assets that spouses of people who are on Medicaid and living in nursing home can keep for themselves is set by each state, but the federal government sets a ceiling and a floor that the states must follow. For 2009, the ceiling

If you live in an assisted living facility – or have a family member who does – you know that the costs continue to rise every year. But did you know some of those costs may be tax-deductible? Medical expenses, including some long-term care expenses, may be deductible if they are more than 7.5 percent of your adjusted gross income. (You have to itemize your deductions, and the amount of the deduction varies depending on a