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Can a trust be establsihed to protect the funds?
Ralph Robbins, Sep 9, 2010
Ralph S. Robbins, CFP© is a fully licensed Certified Financial Planning Practitioner specializing in Eldercare Financial Planning. He works everyday helping families in crisis find creative ways to fund long-term care expenses and deal with family financial issues.
I am presuming you are speaking of an AARP Medicare supplement policy for someone over the age of 65.If so, the answer is no, reimbursement for Medicare approved medical servces wil not disqualify a patient from Medicaid. The reimbursement is not considered "income" which is what I suspect your concern is. Same holds true for Hospice, by the way.If mom's income is over
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