One Woman’s Slide From Middle Class to Medicaid - The New York Times

A dozen or so years into retirement, Rita Sherman had plenty going for her financially. Recently widowed, she had a net worth of roughly $600,000 as of 1998. Her health was excellent, and she dutifully purchased a long-term care insurance policy that would cover three years of nursing home costs should she ever need help. Watching over it all was her daughter, a medical social worker, and her son-in-law, a financial planner....
https://www.nytimes.com/2017/07/07/your-money/one-womans-slide-from-the-upper-middle-class-to-medicaid.html?em_pos=medium&emc=edit_up_20170710&nl=upshot&nl_art=7&nlid=78638145&ref=headline&te=1