My mother has savings in both mine and her names. Will a nursing home come after the savings even though I am also owner?

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My mother still lives in her home. She has savings which she put in mine and her name. She has been on medicaid for several years. If she were to go into a nursing home, would they come after these savings?

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Mulata, no, taking it out and moving it would trigger a penalty.
mbr944, get your name off those accounts, Medicaid will see this and there will be a problem.
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I have no idea. NOT savvy when it comes to $$$ and elder law.

Simple answer................open a new account in your name only. (if it is legal), I have no clue, but I would separate the money from mine.

M88 (I am so SO SO SO SO glad you guys are here, and know how to help)
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Home still lives in her home. If/when she needs a nursing home, she will need one that accepts Medicaid, and they will agree to take most of your mother's income (SS) and what Medicaid offers in payment. The Nursing Home should never have a reason to "go after" any of mother's assets.

When she went on Medicaid, was she married? That makes a difference in savings one can have and qualify. Is she married now?

I'm afraid that joint savings account might become a problem down the road. It would be safest, I think, to consult an attorney who specialized in Elder Law. If you used one when mom applied several years ago, you might see if he/she is still practicing in you area. Better to spend a few hundred $ now than lose thousands later, if it can be avoided.
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If her ss number is associated with the account, it will be counted as 100% applicable to her (even if your ss number is also associated with the account). If she has already been on medicaid for years there shouldn't be more than a base amount in the account at any given time (around $2000...differs by state). If the account ever goes higher than that, and Medicaid discovers it, her Medicaid will cease. After her death. MERP will come for these funds. You cannot move money out of this account without affecting Medicaid if her ss number is associated with the account. This was not a good move...I'm shocked she has savings (if its over the base amount) and was still Medicaid approved. They will cancel her if they discover it.

Angel
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I'm not sure, but I think they will. Is it her money in an account that you have access to or have you been adding to it as well? I would separate them.
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