Using an Annuity to Keep the Spouse of a Medicaid Applicant from Becoming Impoverished
When one spouse qualifies for Medicaid to pay for a nursing home stay, the spouse who is at home is often left without man...
Read moreHe could probably pay off half the mortgage, but paying it all might be considered a gift to you. You will need to consult with a local elder law attorney to have a better idea of how this would be treated by your state’s Medicaid agency. Also, if you have lived together for more than two years and if your father needed care from you for at least two years, you might qualify for an exception to the usual transfer rules. Again, a local elder law attorney could advise you on this. To find an attorney near you, go here: http://www.elderlawanswers.com/elder-law-attorneys.
For more information about Medicaid’s spend-down rules, click here.
Local Elder Law Attorneys in Your City
When one spouse qualifies for Medicaid to pay for a nursing home stay, the spouse who is at home is often left without man...
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In spending down assets to qualify for Medicaid, are investments that are the “separate property” of a wife fr...
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Can a Pennsylvania resident applying for Medicaid be billed for medical and prescription services while the application is...
Read moreMedicaid Rules, etc