Reply Dec. 14, 2020 The Truth about Medicaid Rules and Long-Term Care Costs at Noah Webster Library on January 5, 2021 Long-term care is necessary for a lot of people. But long-term care in Connecticut is expensive. VERY expensive. Subscribe You've likely heard horror stories of people losing their houses to pay for care. Or about nursing home costs being over $13,000 per month. What's worse is the misinformed "advice" that is often heard through the proverbial grapevine: "It's OK to give away $15,000 per year" "If your money is in a trust, it's safe" "You can just give your house to your kids" These statements aren't necessarily true! Long-term care planning MUST be done the right way. If it's not, your assets might be at risk.