How much can a recipient have in a checking account so it won't interefere with Medicaid?

Question

A

accountant Asked August 2014

How much can a recipient have in a checking account so it won't interefere with Medicaid?

In South Carolina. Only asset recipient has is a checking account. He has about $3000 in it. Will this interfere with mediciad nursing home expenses?

Financial Planning

2 Answers

Most
Helpful Newest
First Oldest
First

Recent Questions

My father wants to sell his home, but can’t?
Is asking for a gratuity appropriate at a senior living establishment?
What if your father’s income is over the limit for the VA’s financial resources due to his spouse's income? Can he still get financial help?

Related Questions

score 0 · Answer 1

You may want to get the ball rolling now for the forms. I would suggest an elder law attorney as they know all the particulars. Be aware it may cost more than your elder has left.

Helpful Answer (0)

score 1 · Answer 2

In Illinois, you can have $2000 in assets. You will need to "spend down." You will be ok for a nursing home. You will have to spend the excess on the patient.

Helpful Answer (1)

How much can a recipient have in a checking account so it won't interefere with Medicaid?

2 Answers

Recent Questions

Popular Questions

Related Questions

Ask a Question