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Although it's a Federal program, it's administered by the state. A general rule is that they can only have about $2000 in assets, other than a home (if lived in by a spouse) and maybe a car (if used by a spouse). To be sure, you need to talk with your county social services or see an estate attorney. They will help you with the "spend down." You may want to read this article:
https://www.agingcare.com/133289

Carol
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my income is $10.00 per month, over the amount to qualify for Medicaid.
Is there a way I can direct this money somewhere else so that I can claim Medicaid.
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Grandma - if your monthly income is from a guaranteed & qualified source then you can do a Miller trust to deal with the excess income that is keeping you from Medicaid. Just how Miller works will depend on your state. Some states have it in an actual trust that builds and upon death the trust goes to the state. But other states have it do that you just pay the excess income to the nh with the rest of your coPay. Miller is NOT A DIY project, it needs to be done by an experienced elder law attorney. There will be costs to set up Miller but well worth it as you will qualify for Medicaid to pay. Google Miller Trust & your state to see what's what.
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