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suzierich Asked December 2016

I am my Mom's bank account as co signer. Will that affect her Medicare?

My Mom is in hospice in Texas and I am on her account so I can pay her bills. I have my own account separate from her's so will that affect her in any way on her Medicare

hopalong Jan 2017
I would keep paper records of where the money in her accounts come from and where it goes to protect you and her.

DoreenC Dec 2016
I also was advised by 2 lawyers not to put my name on my mother's account. The main reason, if her accounts get audited for whatever reason; they may also want to know what other assets you both have and start looking into your business.

Also, if she get's in any legal battles - they may also try to sue you. I pay my mother's bills as POA, you can do that without having a joint account.

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hopalong Dec 2016
This is a great reminder of the responsibility that goes with the accounts and the POA; especially about who pays for what bills she still owes. Thank you all!!

JoAnn29 Dec 2016
Just don't put any of your money in the account. My Moms had her name on my nephew's account. A lawyer suggested she remove her name because Medicaid would count his income as hers.

Lassie Dec 2016
My name was put on my mother's checking account after she started writing checks to scammers. I eventually took over writing out checks for all her bills, taxes, credit cards, etc., signing my name. This was NOT my account and I was not responsible for any debt. When she went into a nursing home, all her social security and pension went to that, and she was on Medicaid. (There was no more money to pay her credit card bill, but I was not responsible for that, and that was the end of it AFAIK since the credit card company couldn't touch her income.)

skyhigh Dec 2016
My wife take care of all her mother's business, she keeps her checks here at home and she is the POA. Her mother is suffering from dementia and living in assisted living on Medicare and SS. Medicaid is different, they can take away assets to pay for care. I believe she can receive $40 monthly for personal use if she goes on Medicaid. Just don't mix money, keep your asset separate from her's.

cetude Dec 2016
still her account, her money. you can have your name appear on her checks/bank account.

Joy135 Dec 2016
I have my mother's POA and have been added to her account. I don't think your accounts impact her services in any way unless you have her name on YOUR personal accounts.

geewiz Dec 2016
Medicare is not affected by assets or income. Hospice is covered under Medicare. Medicaid is affected by income and assets. Can you claify your question?

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