V
vinnyboy1285 Asked March 2011
Can medicare take the home? I live with mom and am her caregiver.
Follow
Share
This question has been closed for answers. Ask a New Question.
1 Answer
This question has been closed for answers. Ask a New Question.
Popular Questions
Related Questions
- Does Medicare help with full-time in-home care for the elderly?
- How do you tell your mother, who is in assisted living, that her money is running low and she must apply for Medicaid?
- A relative took almost $70k over a 2 year period from mom and put her account into a $2k negative balance. This looks like gifting or hiding assets to Medicaid and now I don't think she can get it. What can we do?
- Our lawyer advised us not to sell mom's home because Medicaid could come back and say the sale was a scam. But she has no money and needs it to live. What should we do?
Ask a Question
Of course, they will not allow you to keep major income or assets if you are claiming that your parent cannot pay for their nursing home care. I believe you are allowed $2,000. in savings and $50./mo. for personal income.
How they handle home ownership is tricky. Is the home in both your names? Also, would your mother ever claim that she will return to the home? Will you claim that, as the caregiving child, the property is yours?
You really need to see an elder attorney and sort this out. There is also a "look back" period to consider. Right now any financial info. from the past 5 years will be looked at.
good luck