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What is the penalty for improperly transferring assets to qualify for nursing home coverage under medicaid?
Wiki User
∙ 13y ago
The penalty is loss of nursing home coverage for the number of months that the amount improperly transferred would have paid for nursing home care at the private pay rate.
Wiki User
∙ 13y ago
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Will a nursing home take away a 10K gift from parent?
No, but Medicaid might suspend coverage.
If medicaid denies my mother coverage, will any nursing homes accept her social security check and pensions as payment only for long term care in nyc?
There are no nursing homes that will accept social security checks without medicaid coverage in the New York area.
What does Medicare pay that Medicaid does not pay?
Medicare and Medicaid coverage is virtually identical. The two principal things to remember are: Medicaid is always the payor of last resort (i.e., bill Medicare and/or private insurance first); and, Medicare does not pay for long term custodial care, such as a nursing home (Medicaid does).
Will my mother who lives in a nursing home lose her Medicaid since inheriting a small sum of money?
Depending on other assets your mother has, if any, Medicaid might require her to apply some or all of the inheritance toward her medical care, including the nursing home. Therefore, she might lose her Medicaid coverage temporarily, by going into "spend down." She should not have to re-apply and/or re-establish her Medicaid eligibility.
Do you have to pay back taxes if you live in a nursing home on Medicaid?
Medicaid/nursing home status does not excuse one from paying taxes.
What if you need To be in a nursing home but you make too much to qualify for medicaid but not enough to pay for the nursing home?
As long as you meet the non-financial factors of eligibility for Medicaid, the State will expect you to apply your "excess" income/assets to your nursing/medical care and the Medicaid will pick up the remainder of the medical/nursing bills.
What are the advantages of Medicaid?
Some advantages of Medicaid are that it pays for long term care services in nursing facilities
Can you get assistance moving a parent from nursing home with medicare and medicaid?
There is no provision in Medicaid for assistance in moving a recipient from one residence (such as nursing home) to another. I suspect the same is true for Medicare.
Is the surviving spouse responsible for paying nursing home bills owed before becoming eligible for medicaid in Virginia?
No, settling up with the nursing home(s) is not an eligibility factor for Medicaid.
When will Medicaid pay for care in nursing homes?
One does not need to be elderly in order to have Medicaid pay for your care in nursing homes. As long as one has been proved to be medically necessary, then one is qualified.
Can a parent give money to an adult child before they sign up for Medicaid?
If the adult son is the one applying for Medicaid, money received from the parents prior to the application will likely have no effect on his eligibility. If the parent is the one applying for Medicaid and is a nursing home resident, please be advised that the Medicaid agency will investigate any transfer of assets by the parent, including gifts, that occurred in the 60 months prior to applying for Medicaid. The parent may be penalized for transferring assets without receiving "fair market value."
Does Medicaid count a credit card as income if you are in a nursing home?
No it is not income.
