How Can My Parents Protect Their Savings When They Apply for Medicaid?
When they were working, my parents saved $50,000 for any major health expense they might have. Currently they live with me...
Read moreThe answer to both questions is yes, but the payments need to be structured so that your state Medicaid agency doesn’t treat them as gifts to you causing up to five years of ineligibility for benefits. I strongly recommend that you work with a local elder law attorney to set this up so that it passes muster.
For more on Medicaid's asset transfer rules, click here.
Local Elder Law Attorneys in Your City
When they were working, my parents saved $50,000 for any major health expense they might have. Currently they live with me...
Read more
Nursing home residents do not automatically have to sell their homes in order to qualify for Medicaid, but that doesn't me...
Read moreMedicaid Rules, etc