Is Buying a Parent Out of a Reverse Mortgage Considered a Transfer for Medicaid Eligibility Purposes?

If children buy their parents out of a reverse mortgage, is that a transfer of an asset for less than fair market value, which would negatively affect Medicaid eligibility? In this instance the house could potentially sell for $600,000 to $700,000 on the market, but the buyout of the reverse mortgage wou...

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How Do I Prove to Medicaid That I Have Been Living With My Mom for Two Years?

I have been taking care of my mom for two years, but now she may need to go into a nursing home and apply for Medicaid. She wants to transfer the house to me. How do I prove living with my mom for two years so that I can qualify for the  "caretaker child exception"? Do I need utilities in my name?

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Does Co-Signing a Student Loan Affect Medicaid Eligibility?

My mother co-signed for a student loan. The loan is still active. Due to health issues she is now applying for Medicaid. Will being a co-signer on a loan affect her ability to receive Medicaid? If so, what can be done to remedy the situation?

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How Do We Get Information on a Pending Medicaid Application?

We applied for Medicaid for my mom back in March 2018. We can't get any information on how long it will take to hear if she is approved. We are at the end of our rope. Where go we go for follow-up?

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Will Small Gifts Really Disqualify My Mother from Medicaid?

Someone told my mom to stop giving monetary gifts to her family -- even for very small amounts. She wants to be able to give her grandchildren between $25 to $50 for holidays and special events like weddings or graduations. Will amounts that small really disqualify her from Medicaid or cause her to be penalized? What i...

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What Does Medicaid Consider 'Fair Market Value' When Selling a House?

If a person is applying for Medicaid or already receives Medicaid benefits, what is the penalty if his or her house does not sell for "fair market value"? Additionally if it is not realistic that the house would sell for “fair market value” because it needs work, will the state accept that?

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Can My Mother Buy a Life Estate in a New Home and How Will The Purchase Affect Capital Gains?

My mother has a life estate in her current house. She would like to sell her house and purchase a smaller home. All the parties are in agreement. Can she purchase a life estate in the new house? How does the purchase of the new home affect capital gains for the beneficiaries?

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Can My Mother-in-Law Sell Her House and Buy a New House with Us Without Affecting Her Medicaid Eligibility?

My husband and I are planning on selling both our house and my mother-in-law's house and then purchase a property together. She has recently been diagnosed with Alzheimer's disease and we need to find a home with a first-floor bedroom and bath to accommodate her needs. We plan on taking care of her as long as p...

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Will I Have to Spend Down My Income For My Wife to Be Eligible for Medicaid?

My wife may need to go into a nursing home and apply for Medicaid in a little more than five years. She has $930 a month in Social Security and no other income. She does have term life insurance policies of $180,000. I have a pension of $3,500 a month, income through work of $100,000 a year, and $350,000 in term life i...

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How Much Do I Pay My Agent Under a Power of Attorney?

I want to appoint my neighbor to be my agent under a power of attorney for health care. I have no idea what people usually pay for someone to be an agent under a power of attorney. What should I pay my neighbor?

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