Qualifying for Supplemental Security Income (SSI) After a Transfer of Assets
If your resources are above the Supplemental Security Income (SSI) program’s resource limits of $2,000 for an i...
Read moreYes. All gifts made during the five years prior to an application for Medicaid must be reported. Such gifts will cause a period of ineligibility based on the state's calculation of the average cost of nursing home care. If your state has determined that the average cost is $4,500 a month, then a transfer of $9,000 would cause two months of ineligibility, which does not begin until your father's other assets have been spent down. You can reverse the penalty by returning the money, or you can pay for the nursing home privately for those two months.
Local Elder Law Attorneys in Your City
If your resources are above the Supplemental Security Income (SSI) program’s resource limits of $2,000 for an i...
Read more
My father has been in a nursing home since April. His Medicaid application was approved and Medicaid is paying for his sta...
Read more
We have parents in Florida. The husband is in a nursing home and the wife is still in the house, which is paid off. Can we...
Read moreMedicaid Rules, etc