Good information. Although when articles like this outline the regulationsfor "most states,", I find it most helpful when the exceptions are at least indicated parenthetically.
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I am sure I will read this again. What I did not know, was that the state expects full reimbursement for the person in assisted living facility. If I interpreted this wrong please advise. Looks like my annuities are in danger I have only a revocable trust.
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I have a question. My elderly mom (who thought I was evicting her and I was not) closed a couple of our joint accounts. There is a brokerage account, which has been restricted.
I was informed by the brokerage company the account remains restricted until one of us passes or we each submit a notarized letter stating it should be divided
Can Medicaid or a POA access this restricted account?
Thanks, in advance
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The reason I was reading is because I'm caring for a terminally ill sister who said she'd deed me her house a year ago before we knew she was ill. Now I'm finding that the house isn't paid for. Can she still deed the house to me and I take over the payments?
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I have received an inheritance (cash) from my father a couple of years ago. If my mother goes into a nursing home, will this cash be subject to look back rule?
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This article is very interesting. I have been reading and rereading it for a while. Still I am not too clear about the point that Medicaid "seek for reimbursement of the entire amount that it paid out...." If this is the case, will they be taking my pension and my SS to pay back for my husband's benefits? I am not concerned about the property (he is not in the title) but his name is still in our joint checking account because in that account I receive his SS, which then I pay to the NH. Recently he was declared incapacitated. Should I take his name out of the checking account? Will the SS still deposit his check in that account without his name? Thank you so much for your contribution Mr. Heiser.
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