The 30% AGI limit is for appreciated assets that are donated, which would seemingly apply in your situation.
If they assets are not appreciated then 50% AGI is the limit
If one have Medicare Parts A, B and D (no medigap),
there is NO OOP (Out Of Pocket) limit. This
Medicare insurance (A, B and D) setup is for
'healthy' (yours and your family) individuals.
But, there are several 'tricks' one can use to
minimize OOP expenses.
LadyGeek wrote:We're straying into a discussion about the Medicare 5-year lookback period, some background info is here: How Can I Safely Transfer My Assets to Get Medicaid to Pay for Long-Term Care?