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What else can I help you with?
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.
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."
Can Medicare or Medicaid pierce an irrevocable trust?
It depends on how the trust is drafted. A properly drafted irrevocable trust, in Florida, will be invisible to Medicaid (Medicare doesn't factor assets into whether or not one is qualified the way Medicaid does). However, transfers of assets into the trust must be done 5 years before applying to medicaid or medicaid will assess a transfer penalty (this is referred to as the "five year lookback"). The transfer penalty is a period of ineligibility for certain medicaid benefits depending on the size of the transfer. As a result, irrevocable trust planning would not be appropriate for all Medicaid planning scenarios.
Can the nursing home take your savings?
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.
What happens if you gift a home to someone then apply for medicaid nursing home?
Any change in the way an asset is held is a "transfer" of assets. The nursing home resident may transfer approximately $100,000 to the spouse living in the community without penalty. Otherwise, in general, if the State determines that the applicant or recipient did not receive "fair market value" for the transfer, it may decline to pay nursing home costs for the time that the transferred assets would have paid for that care. (Other medical assistance can be approved if the person is otherwise eligible.)
If you qualify for medicaid will you get back money taken out of medicare before qualification?
You are not required to pay back Medicaid or Medicare.
What if you get pregnant before you apply for medicaid?
you can still apply for it
If me and my fiance move in together before marriage can she lose her medicaid coverage?
No, but when you marry, Medicaid will look at you and your spouse's income/assets.
What are the laws regarding a parent gifting monies before entering a nursing home Is there a time frame on when the Nursing Home can go after the money?
you can get a solution here http://www.strengthforcaring.com/daily-care/practical-care-everyday-care/time-for-a-nursing-home/ In my experience, Medicaid is working towards a 5-year look back so depending upon how the gift is given, you might be penalized if you need Medicaid within the next 5 years. Care-specific trusts can help and there are some other solutions that make contacting an elder law attorney worth your time and effort.
If you have a judgment lien against your home can you sell it and keep the proceeds of 125000 dollars?
Of course not. The lien will have to be paid from the proceeds before they are turned over to you.
Does Michigan medicaid pay for gastric bypass?
It does!! A requirement that most hospitals and barix clinics have is that you have been insured by medicaid for atleast 6 months before the surgury.
How old do I have to be before I can fill out a Medicaid application?
You can fill out a Medicaid application at any time but you cannot get accept into the program before you are over the age of sixty-two for most people. If you are disabled you can apply sooner and see if they will accept you.
