My father (deceased 4 years) had changed the beneficiary from my mom to his adult children over 13 years ago. My brother who has been POA for my mom (she has dementia) just told me that this is why my mom was recently declared ineligible for Medicaid. She was just denied. My brother becomes very defensive if I ask any questions regarding her finances. I had my head bit off when I questioned why he gifted over $10,000 to kids and grandchildren from her a couple of years ago.
I think the IRA was changed well before the look back period and therefore wouldn't be a factor in her eligibility? Does anyone know?