How does having a joint bank account with my elderly parent affect their Medicaid eligibility?
From what I've been reading......Medicaid considers any money in a joint bank account.......considers it an asset.......money to be used to help pay for the nursing home. What happens if 90% of the money in this joint account was put in there by an adult child of the elderly person. The money was not put into the account by the elderly person.....but yet Medicaid wants that money to be claimed? Comments please.