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.
Check with Medicaid, but in Oklahoma I believe you can pay a relative all assets for caregiving to qualify for medicaid
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.
Medicaid/nursing home status does not excuse one from paying taxes.
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.
No, settling up with the nursing home(s) is not an eligibility factor for Medicaid.
No it is not income.
Medicaid will file a lien on the person's home, which is enforceable when the home is sold. They will also file an estate claim.
Long Term Care insurance.ANSWER:Nursing home may be covered by medicaid but you have to pass some eligibility criteria, in addition, the nursing home facility should be certified by the government to provide service to medicaid recipients. Unless you have long term care insurance, you cannot choose which nursing home you want to be taken cared of.
I don't believe that a nursing home has the legal authority to file property liens, altho I suppose they could get a judgment from court and then try to enforce it. Medicare will pay for nursing home care for, at most, a few weeks. After that, the bill becomes your responsibility unless you qualify for Medicaid. In the latter event, the State will file a property lien and/or estate claim to recover the cost of care.
To find out about your eligibility for Medicaid, this is the best place to start: http://www.cms.hhs.gov/home/medicaid.asp
In most cases, a nursing home cannot take your savings directly. However, if you enter a nursing home and require Medicaid assistance to cover long-term care costs, they may assess your financial situation. Medicaid has specific asset limits, and any savings exceeding those limits may need to be spent down on your care before you qualify for assistance. It's essential to consult with a legal or financial advisor to understand your rights and options regarding asset protection.
A nursing home may be certified by Medicare or Medicaid