Got a house to rent? Medicaid will stuff it into its maw.
NO ONE, absolutely NO ONE, told us if we rented the house that was transferred to us 10 years ago, if we rented it out after mom went into the nursing home, that MEDICAID considered it MOM'S income. Not ours. And now those b*stards,they want us to turn all the money from the rent over to them. Medicaid. NO ONE ever thought to mention this, the nursing home, the lawyers, the tax prep people, my brother who supposedly knows EVERYTHING. We thought it was the 8% cut they wanted because, life tenancy for mom in the house. No, they want it ALL. When the house is sold someday, then Medicaid will get the 8% from that. I am horrified. Our taxes have been done already, we paid taxes for renting out the house, and then we get a letter from Mediciad saying 'you owe all the rent.' So it's not even our house, we paid taxes on MOM's HOUSE???? So what does that mean as far as the taxes? I am beyond horrified. My husband told my brother long ago, "if you want to be a long distance landlord, go ahead, but leave us out of it. I am advising you to sell that sh*tbox 'as is' and don't rent it, try to squeeze out some big profit from it, it's now in a slum neighborhood and who would pay out the nose?" OMG. I told my brother he better find himsself a lawyer. I'm not giving him a cent. .... I have done all the heavy lifting here with mom, I have lost years off my life being a 'caregiver' until I finally got her into a nursing home. Thought we were done. And here is a new sh*t storm falling on our heads, it simply doesn't END! So it's not our house but still my mother's?? Let Medicaid go dun mom up at the nursing home, they will get a big fat smelly diaper for their troubles!.....No one told us. OMG.