Can’t I Transfer My Home to My Child Who is Living With Me and Still Get Medicaid? (Part 2)
Last week we were discussing Susan’s mistake of confusing Medicaid’s exempt asset rules vs. the transfer of assets rules. Mom transferred her home to Susan 4 years ago and now needs Medicaid. If she applies now there will be a Medicaid penalty, a period of ineligibility. There are, however, exceptions
Can’t I Transfer My Home to My Child Who is Living with Me and Still Qualify for Medicaid? (Part 1)
This is a case of a little bit of information being a dangerous thing. Mom transferred her home to Susan 4 years ago. Mother and daughter had been living in the home for years. “Since I am living in the home isn’t it an exempt asset,” Susan asked. “Yes, it
Mom is Helping Her Out of Work Son – Problem for Medicaid?
Click on http://www.youtube.com/HauptmanLaw to see my answer. (Sound may need to be adjusted on your computer.)
Big Changes in the VA Aid and Attendance Program on the Horizon
Eligible wartime veterans and the widowed spouses of wartime veterans can qualify for a special pension that can go a long way towards helping to pay the skyrocketing cost of long term care. In many cases we can qualify needy applicants almost immediately even though they have assets greater
What Exactly is the Medicaid Penalty?
And how can it hurt me? Click on http://www.youtube.com/HauptmanLaw to see my answer.
A Muddy Medicaid Paper Trail Leads to Potential Financial Ruin (Part 2)
Last week we were discussing Gail’s difficulty getting Medicaid for her mom. She had spent down Mom’s assets but because there was not a clear paper trail, Medicaid was approved, but with a 6 month penalty. This meant that Gail would be on the hook for 6 more months of
A Muddy Medicaid Paper Trail Leads to Potential Financial Ruin ( Part 1)
Medicaid applications are getting tougher to get approved these days. Gail called us when Mom had just entered the nursing home after having lived with her for several years. Mom had 2 months of funds remaining. Gail called us to handle the Medicaid application. I told her we had to
Is it a Gift or Theft (Part 2)
Last week we were discussing Rachel’s recent discovery that while her sister, Sara, was managing Mom’s finances, Sara was taking or being given – depending on which way you look at it – Mom’s money. Now that Medicaid was looking like a real necessity, Rachel was concerned, and for good
Is it a Gift or is it Theft? (Part 1)
It’s a scenario we’ve seen frequently of late. Mom’s mental health had been declining for some time. Rachel called because Mom’s savings are almost exhausted and she needs nursing home care. Rachel knows she must apply for Mediciaid. And then Rachel told me about her recent discovery. Rachel only in the
Is There Any Gift Small Enough That Won’t Cause a Medicaid Penalty?
Whenever I explain how the Medicaid application process works, the toughest part is communicating to clients the uncertainty that exists because of the way the program is administered. And that can change at a moment’s notice so beware of what or who you rely on. Whenever I hear someone tell