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However, spending down all of mom's money and then applying for Medicaid is, simply, bad advice.
What most families don't realize is that although Medicaid may save them from financial disaster, it does not pay for everything... particularly when it comes to items for the comfort of the patient/client.
You do not want your mother remaining in a nursing home without funds to augment what Medicaid will provide (what if mom needs glasses, dentures, hearing aides, clothing, special equipment, etc.?).
Moreover she will be permitted only $35 per month for personal expenses such as hair, etc.
I would advise that you do a search for "supplemental needs trusts" and "pooled community trusts" and learn about how this trust will allow:
1. Mom to qualify immediately for Medicaid.
2. Gift her remaining assets without penalty.
3. Preserve her assets for her own health, maintenance, and welfare.
4. Ensure quality of life while on Medicaid
Going to the social worker at the facility once her money is gone is the worst mistake you could possibly make.
good luck!
Hap
Thanks
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