I am in the process of applying for VA benefits for my Mom who will be moving to an ALF soon. I have received conflicting information and hope that someone can clarify.
Here's what I have learned: the current maximum income limit to qualify for veteran's benefits is $2,000. The current Medicaid max. income limit is $2022.
If, by receiving vet. benefits, your income exceeds the Medicaid limit, will Medicaid deny services? Is there a way to reduce income (not assets) legally?
I have read about QITs and Miller trusts that allow you to "siphon" off income to be placed in a trust in order to qualify. Whatever is left in the trust reverts to Medicaid after a person passes. Is this correct? Does anyone have experience with this type of trust?
There is also some issue with "capped" vs "non-capped" states. Whatever that means!!??
I do not want to proceed with the VA paperwork until I am sure that Mom will not have problems in the future.
I would appreciate any information! Thanks....Lilli