My grandmother was on medicaid but it was recently denied due to property she owns that is worth 12,000. She is disabled and needs nursing home care but we can't afford to pay for it. What are my options?
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Does your grandmother have a prepaid funeral or burial contract? An irrevocable burial account? Other medical expenses?
Non countable assets and care expenses can be applied to excess assets, but you can't be sure about all the options until you talk with an Elder Law Attorney in your state.
You can get the answers you need from an advice and counsel you get from an advisor who has helped others.
If so, ASAP read the ineligibility notice to see if Medicaid is doing a clawback on her eligibility and therefore on any payments by medicaid. If that is the case, its financial crisis time. Try to call a family meeting to figure out how to deal with her bill at the NH (as NH is going to need for someone to sign off on financial responsibility). Plus selling the property as Pam suggested. Needs to be sold at FMV too.
Did state provide a document to do this?
Medicaid by & large has it so that their homestead is an exempt asset for medicaid for their lifetime. House does not need to be sold for them to be eligible as long as all other requirements are met. However if they go onto NH Medicaid, all their income must be paid to the NH as the required co-pay or SOC (share of cost). So they usually sell the home and then spend-down till financially eligible for Medicaid (basically impoverished). But elder could continue to own the home with family paying all property costs if it could make sense to do so if the heirs could qualify for exemptions or exclusions to estate recovery and they can afford to do.
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