My Mom just moved to a skilled nursing facility, due to her running out of money. Her assisted Living that she was in for two years cost her a large amount of change which is about 80,ooo.oo. give or take. I am on her bank account, like it is a joint account as if a husband or wife would be on their spouses account, but I have been on her account for years. Now we are on a Spend down for Medicaid. I do know that with her funeral, that is put in an account, the funeral director said it is called a burial insurance account and by Law, Medicaid can't touch it.
I know they do a five year look back. My Mom has given freely in the past five years money to me as a gift (in essence what she was doing was paying me for taking care of me) and my Dad when he was alive.
So, a rough estimate would be 15,ooo.oo in the past five years, possibly 20 grand.
Will Medicaid make me pay that back?
I look forward to your answer