Mom has Alzheimer’s and gave her auto to a grandchild in 2018 after she lost her license. Is this considered a transfer of a countable asset that will affect her Medicaid eligibility once the time comes to apply?
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Who is currently the vehicle's registered owner, primary insured, or payer of any auto loan? If there is a loan in your situation that may make a difference. Our vehicle had a loan attached to it but I really don't know how that might play into the eligibility process. In GA I had to produce the annual auto tag/tax fee card for Medicaid purposes.
At one point, I had ran across information on line that appeared to state an automobile not worth more than X amount was not countable if transferred to a child or grandchild, but I sure can’t find that information now. Lol. It’s a 2008 Corolla that transferred in 2018. So, it’s value wasn’t incredibly high. Hopefully mom won’t need a nursing home any time soon. Worst case scenario will be potentially a one-month penalty.