2006-06-15 09:56:59 · 11 answers · asked by coffeerum 1 in Politics & Government ➔ Law & Ethics
mom now lives with me, if she puts her home and land in my name and needs nursing home within a year will medicaid still take it back or how long does it have to be out of her name if give it or sell it or will it. me beining power of attoerney would help? im not yet but can,any advice thanks.
2006-06-16 02:04:14 · update #1
They will go back 3 years because of so many people getting rid of their homes and savings to be able to get Medicaid. If she transferred the home and all the 'stuff' to you less than 3 years ago, you stand to lose everything.
To get Medicaid you can have a house, a car and $2000 in the bank and nothing more outside of social security income.
2006-06-29 09:39:08 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You lose. Home Care nursing and care givers are a covered portion of Medicare once the patient is unable to properly care for themselves due to illness; old age is not an illness. Medicare and Medi-cal/Medicaid would coordinate benefits so that there would be little if any out of pocket expense to your Mom. If for some reason she would need round the clock care then use her assets to pay for it. You can only inherit what is left after she is gone. It's a shame that you are looking at ways to have the tax payers of your state pay for her care when she has the assets necessary to pay for the care herself. Shame on you!
2006-06-29 14:24:59 · answer #2 · answered by scrappy&paco 1 · 0⤊ 0⤋
Probably. Most of the time, any insurance and money in the patient's name is taken for their care before medicaid takes over.
Get this person the care they need and deal with it. So you don't get an inheritance? BFD.
2006-06-15 17:00:57 · answer #3 · answered by zippythejessi 7 · 0⤊ 0⤋
First it is not your inheritance till they die, it is there money, their house and thier car.
If they have to go into a nursing home, and don't have long term care insurance, medicare will normally pay for part of it, but they will be expected to pay out of thier money the balance,
So yes it is possible that all of their money and the sell of thier home may be needed to pay the nursing home.
So they are merley using thier money to pay for thier care, which would be what you should expect to be proper
2006-06-15 18:40:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋
That would depend on were you live... is this in the USA? I know in California the property MUST be in your name for at least 5 years before going into a care home for it to be all yours!!
2006-06-28 22:16:25 · answer #5 · answered by PAMMY J 1 · 0⤊ 0⤋
It's good that you have your priorities in order.
Most wealthy people establish trust funds or foundations to avoid that problem. Middle class people "give" their assets to their children to avoid that problem.
If the "old person" did neither, his/her assets will probably be attached to pay for services.
2006-06-15 17:59:43 · answer #6 · answered by Left the building 7 · 0⤊ 0⤋
if you apply for medicaid for your mother the look back period on assets transferred is 5 years.
2006-06-21 11:48:25 · answer #7 · answered by margaret k 4 · 0⤊ 0⤋
seems to me your main concern should be for the care of your loved one and that they are recieving what they need....big deal if you dont get anything!!!
2006-06-29 00:17:21 · answer #8 · answered by bigmommy240 3 · 0⤊ 0⤋
You may but your main concern should be them and not yourself.
2006-06-29 16:13:01 · answer #9 · answered by rossj12003 5 · 0⤊ 0⤋
No go ahead - you will get it
2006-06-15 17:00:17 · answer #10 · answered by Ifeelso706 3 · 0⤊ 0⤋