I have lived at my home for 37 years and have a PEL loan which repayment is due in 2025. I pay the interest only every month on this loan. My sons home does not have the needed space and facilities needed to care for me whereas my home has the needed space and disability things already in it. Can my son and his wife and three children move into my house without me losing my Medicaid?
The other comments regarding a care agreement are applicable only if you wish to pay your son to take care of you, as a way of reducing your income or countable assets in order to qualify for Medicaid. If you already are qualified, then this is irrelevant.
I usually get response within a day, sometimes more detailed than expected.
I am not affiliated with the site, I just have had great experience with it. At least enough answers to keep me going. Good luck.
I hope this is helpful. Lay down some ground rules for all of you living under one roof so your relationships will continue to be loving and respectful
Grace + Peace,
Telemarketers and door-to-door salesman (scammers) often target people just like you. If anyone comes to your door unannounced or unexpected, just don't answer the door or even go to it to see who it is. If someone calls and they're not on your regular contact list of people you know personally, don't take the call, cut it off. Also be very wary of these mail offers, and even online scams you may get in your email or run into online. Make sure all the mail is sorted by someone you can trust and make sure all the junk is tossed and parental safeguards are put up on your computer so you don't get into something online that can actually get you into trouble
Additionally, MLE1959, there is a mortgage on the home, so that would be the primary recovery entity before Medicaid even got a shot at "taking" the home. And, for the record, Medicaid doesn't "take the home." The State might require that Medicaid expenditures be repaid from the estate of a deceased, and that might often result in the sale of the home. Anyone who is concerned about any of this REALLY needs to consult an attorney who specializes in protecting assets for Medicaid purposes.
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