Is a Medicaid Asset Protection Trust Portable if We Move to a Different State?
If we get a Medicaid asset protection trust in one state, what would happen if we moved to a different state? Is this kind...
Read moreYes, but perhaps not immediately. They will most likely have to reapply for Medicaid in Indiana and most nursing homes will not accept a patient who is in the process of applying without some guarantee of payment while the application is being processed.
In addition, the home in Florida could be a complicating factor. It’s likely that Indiana will require that it be sold, but will provide Medicaid coverage while it is on the market. Depending on the sales price and whether the wife is purchasing a new home in Indiana, it may be necessary to spend down some of the proceeds. It’s possible that the Florida Medicaid agency will help with the process since it’s in their interest to get the husband off of their rolls, but it may be difficult to find someone to talk to in their bureaucracy.
Local Elder Law Attorneys in Your City
In any case, we strongly recommend that you consult with an Indiana elder law attorney, who should have more specific information on how this would work there.
For more on Medicaid's rules, click here.
If we get a Medicaid asset protection trust in one state, what would happen if we moved to a different state? Is this kind...
Read more
As long-term care insurance premiums keep rising and fewer companies are offering policies, seniors are looking for...
Read more
An increasing number of people are paying for funerals in advance, but it is important to shop around before prepayin...
Read moreMedicaid Rules, etc