Smokeybaby, we're in the same situation with my MIL on Medicaid in a NH. We've decided that if she does get a check we will purchase a pre-paid funeral package for her. Medicaid in MN allows $1,500 towards that expenditure.
Just for clarification. Is the 1500 what they allow you to put towards funeral costs or what Medicaid will pay towards funeral costs? In NJ, I was allowed to put Moms cash in from her policies into a funeral Trust set up by the Funeral Home. That was 10.4 k.
SStimulus checks are not income, read information on the link provided.
You should spend it on her needs only. No gifting. Another word of caution; a Medicaid applicant, or someone considering applying for Medicaid, should not give away the money from the stimulus check to family members, educational funds, to charity, etc. This is because Medicaid has a 60-month look back period (Medi-Cal in California is 30-months) in which Medicaid considers all past transfers immediately preceding one’s Medicaid application. In a nutshell, if one gives away assets during this timeframe, he / she could be denied Medicaid benefits. Please note that at this time, we are not 100% sure if giving away the stimulus money will in fact be a violation of the look back period. However, to be cautious, gifting the money should be avoided.
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Just for clarification. Is the 1500 what they allow you to put towards funeral costs or what Medicaid will pay towards funeral costs? In NJ, I was allowed to put Moms cash in from her policies into a funeral Trust set up by the Funeral Home. That was 10.4 k.
https://www.medicaidplanningassistance.org/covid-19-stimulus-checks-impact/
SStimulus checks are not income, read information on the link provided.
You should spend it on her needs only. No gifting.
Another word of caution; a Medicaid applicant, or someone considering applying for Medicaid, should not give away the money from the stimulus check to family members, educational funds, to charity, etc. This is because Medicaid has a 60-month look back period (Medi-Cal in California is 30-months) in which Medicaid considers all past transfers immediately preceding one’s Medicaid application. In a nutshell, if one gives away assets during this timeframe, he / she could be denied Medicaid benefits. Please note that at this time, we are not 100% sure if giving away the stimulus money will in fact be a violation of the look back period. However, to be cautious, gifting the money should be avoided.
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