How to hide money to be approved for Medicaid?


I started this discussion as paying it forward to others. There's many reason why people hide their money and many different types of people. Some people that hide money are old school people that just don't trust the stock market and banks. Then, there's some that hide for tax reasons or reason to obtain gain.
The types of people that hide their money is elderlys with savings and then there's the rich.
The first thing I would like to talk about is the question people asked on this forum everyday. ("Medicaid" How to get approved if you own to much money?)
The simple answer to that question is "Hide it".
I'm talking about hiding money not assets as Town homes or other assets.
We all know that it's difficult to hide a house but, not money.
When appling for Medicaid. We all know that Medicaid goes back 5 yrs or veries by State. A person appling for Medicaid is allowed to keep a vehicle, Credit Card, Bank Account less then $2,000 at all times. Anymore then that and you will be denied for Medicaid. I maybe wrong on some Medicaid qualifications but, I think I hit it on the nail.
Some say your allowed to donate "Gift" up to $10,000 - $14,000 per yr that's one way of hiding money with family.
Withdrawing a large amount of money from a bank account or closing a bank account. Anything over $10,000 a Fed-report must be filed and option to pay the taxes at that time.Every bank ask for a reason for large amount withdraws. Think of a reason doesn't matter it's your money.
Next question is, What do I do with all this cash I have from withdrawing? Simple, Hide it!
Where is a great hiding place?
Freezer is the best place.If ever a robber in the house.The robber will never think of the freezer.Next best place is a safty deposit box.My advice is to have two people as joint on the box.That way if creditors or other attempt to seek they can't.They won't know whos is whos.It's illegal to place cash in a safty deposit box.But,if they don't know it's cash.Requires wrapping the cash into something prior of placing into the box.And your behind closed doors.
After you hide all you money.
The next question is, What do I say if asked where did the money go?
Your addicted to gambling. You call the 1800 hotline once a month because,your addicted to gambling. You buy lottery tickets all the time. You gambled it all away. That's what happened to all the money! Remember to keep small winning tickets in a box for proof.
I stated all of this because, I feel sad about the people that don't get approved for Medicaid while the rich get approved.Millionairs are on Medicaid getting foodstamps & cash benefits as we speak.That bothers me and is why I'm stating all of this.People may differ and say that's not right that's ripping off the GOV-.Everyone in some way is ripping someone off truth be told.
Yrs ago I worked in a factory that dealed with Steel Coils.All companies with product must do quarterly inventory for profit reason and tax reasons.This company I worked for had many other companies in the USA.Taxes % veries by State to State.If a company is cought by the 4th quarter with large amounts of inventory that must pay taxes on that 4th quarter inventory for the yr.That's how we got our bonus each yr after each quarter inventory.
Just like how Wal-Mart does it. If Wal-mart as too much 4th quarter inventory they will transport, transfer, move that inventory to a lower % tax State. To avoid how dollar tax. Then, after the 1st of the new yr that inventory goes back to the original store.As you all call discounted items.If you think Wal-mart loses gain on discounted items think again.They gained by saving taxes on the 4th quarter inventory that you think is new. Wal-Mart profits $200,000 a hour per day on just one store. Many factorys and companies turned to operate as Walmarts tactics and growing with gain.
Elderly people save all there lives for their retirement & enjoyment.Why should a elderly person with only $20,000 in their savings be forced to pay for medical bills.When there's Millionairs not paying a dime for their Medical thru Medicaid!
Just burns my butt seeing this stuff going on and all getting away with it. Everyone is doing this or will be soon enough.It's nice to give back with real true advice with real answers.



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I've been reading some of the responses to hiding money to get Medicare. I have a story. I worked all my life and raised 4 children. I worked in a factory and never got food stamps or anything. I became disabled at 57 . We had always lived paycheck to paycheck.While waiting to be approved for disability it became hard to get my meds. What little saving went, I filled out the papers for help, Medicaid or anything. I was denined any help and was told each month to go to churches and ask for help. I cried because this was not something I could do. I had withdrew my retirement from my work place and played taxes on it. I got a total of 10, 000 for the 30 yrs I had worked there. I used this to buy what meds I felt most important, pd Dr bills. The day I was approved for disability I had 250.00 left , my car was up for sale, I was on the verge of giving up life. As you probably figured out I lived in a small town. By doing so you know a lot of the people. There were some who stayed home , never worked, but got help with food stamps most of their lives. Because I went to work everyday, even days when I felt so bad and worked anytime they could use me and supported my family there was no help for me. I waited to get my meds one day the woman in front got 5, cost of around 20.00 . My turn ,no Mediciade my cost was 150.00 for 2 . I got one and had to leave the other. I even wrote the governor, stated because I was to old to get pregnant, a USA citizen and because I had worked to support my family I was penalized . He replied he was sorry. I asked that they pull records in our town and check closely on those receiving help. That 50 percent or more was qualified. This did not happen. One lady knew the social worker well and she fudged on the paper work for her. A cousin same age never worked , no children, enjoyed life while I worked daily in a factory, is better off than me. She gets a S S I check be caused she never paid any social in. She gets food stamps , low income housing, free transportation to doctors, free cell phone, doesn't have to pay for Medicare and gets Medicare too. She always doesn't have to pay for anything. I would have better off if I hadn't worked. This is a great injustice in my eyes. We now have a little saving from where my husband retired. He has alhizermers and I'm in bad health. I can't get no help. If I don't try to take care of him and he goes to a NH we will lose what little we have. We worked hard all of our lives, our home is just a middle class home, we never had a lot. But now it looks like we may lose it. The system is not right, a man I know hasn't worked in 20 yrs, has a son he raises, he gets food stamps,, help paying his heating bills, both get medicaid and yes a free phone. He even told the Social Worker he didn't want a job. He does odd Hobbs and generates 40.00 weekly. All the people going to work every day is supporting him and others like him. The system is at fault. People that live off of others should have to earn the free ride. If able they should have to do community work or something. Maybe mowing yrs for seniors or something. I know how the lady feels about wanting to hide what little money they have. As stated I'm from a small town and see so many getting benefits that shouldn't be eligible. This is probably true in all towns. If they would check out each person to make sure of their application, the money saved might could help people like me to at least get a little help in their last days. So I feel that if I get where I can't manage my husband care and the NH is the only thing left, I would hide what little we have from the government so I would have it to take of my needs. I'm speaking from a been there situation where I was honest in filing for any kind of help I could get only to be denied and struggled so hard.

I don't know but a friend recieved a 21000 settlement from a car acct. She lost her ssi and Medicaid until she spends down ...months later she got Medicaid back, this is in r.i...The person from the state said there was a new program through the obarmacare that it didn't matter what you have in the bank as long as you don't have a weekly/monthly income so she got the Medicaid back and also as far as foodstamps they told her they only consider the month she got the money in then after that they don't care either, so she didn't lose food stamps...Now that she finally spent down the money, she should be getting her ssi check back in a month...

Wonder how he knew I was thinking about starting a large scale business lol

People here calling it fraud, look.
When you've spent 4-5 years out of a job taking care of somebody, and then all their assets go to a nursing home. a place that's generally understaffed where they keep patients drugged up to subdue them.
Pay the workers $8-13 an hour.
And THEN, on top of that the nursing home is charging $8-10k a month, knowing damn well that Medicaid is probably only paying that nursing home $2-3k a month after the assets run out.

one of the only billionaires in my state, runs nursing homes and banks. But the nursing homes are just straight income. And get this, he makes his employees at his nursing home sign up with his bank for direct deposit. No lie.

Beyond that, the guy actually got legislation passed this year, in the state, that stipulates that any nursing home abuse or neglect case must go in front of a panel of "experts" before it goes to court.

Calling protecting your families hard earned money, "fraud" and thinking of it as leaving it on the taxpayers back is wrong in this case folks.
I know good and well my grandfather made a trust specifically to protect assets from nursing homes, unfortunately it wasn't irrevocable and/or the attorney that wrote it up wasn't very good.

It's not fraud to try to keep your families assets in your family, when you've been taking care of your loved one for a long period of time.
BUT, you have corporations and government agencies that basically make it out that way so that they can make money and/or protect their own assets.

Meanwhile, somebody like me that's worn themselves down taking care of a family member for years loses everything and ends up dying from cancer or a heart attack because nobody even tries to understand what in the world is really going on here.

A nursing home is a BUSINESS. First and foremost. Just because they get money from Medicaid doesn't make them some noble institution. It just means they have more clout, more ways, to manipulate things in their favor once they have that relationship with the government.

You all know good and well the government does NOT pay those nursing homes what a regular person would be charged. Medicaid probably only pays them
$2-3k a month.

Somebody explain that to me.
Tell me how that isn't fraud.
Simply because the government doesn't define it as such?

Cbbranch, please start a new thread to ask your question. This one is four years old and is on a different topic. You'll get better responses if you start fresh.

Then...go help her get a Medicaid application filed.

But...please do not think that committing fraud is a good plan....the title on this thread implies that fraud is OK....

I am her POA. one reason why is because the others can’t even manage their finances. Help

I need help paying her meds. About $311 a month. Her other daughter and son will not help out. I am a retired teacher and work part time to pay for the meds.

My mom has no assets. Somebody please help me.

She has no money or assets other than the social security check and retirement check that goes directly to the assisted living facility. She actually doesn’t have enough, but the owners let her stay. I feel hopeless. Daughter and POA.

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