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V
venice1971
Asked January 2019
Forgot to show an IRA account on the Medicaid application. What's the trouble the elderly applicant will get into?
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Asset Limits
Medicaid
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notrydoyoda
Jan 2019
He will need to spend that on their care for Medicaid will stop if the value of the IRA plus what they have in the bank is over 2,000. This needs to be reported to them as a mistake before they catch it themselves and think it was done on purpose.
01/28/2019 13:59:48
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venice1971
Jan 2019
thank you for your suggestion.
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venice1971
Jan 2019
Thank you for your answer.
01/28/2019 14:50:37
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97yroldmom
Jan 2019
Has your elder already received Medicaid approval?
I would be concerned they would be denied.
01/28/2019 14:55:23
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venice1971
Jan 2019
He is receiving the benefit of MediCaid now.
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Isthisrealyreal
Jan 2019
Report it asap and figure out what you will do to spend it down, unless it is quite a substantial amount.
Medicaid will direct you in what you need to do.
01/28/2019 15:33:40
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venice1971
Jan 2019
I see. I shall inform him to do it asap. Thanks.
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I would be concerned they would be denied.
Medicaid will direct you in what you need to do.