My mother is receiving the remainder of the money from my father's "health care annuity". With look back will she be able to put that money in a trust? - AgingCare.com

My mother is receiving the remainder of the money from my father's "health care annuity". With look back will she be able to put that money in a trust?

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Part of my father and mothers assets were placed in a "medical care annuity" allowing this money to be distributed monthly. My father passed. My mother is in an assisted living. She is beneficiary and is receiving the remainder of the money from the "health care annuity" (around 200k). This is going to start her "look back" period again. We live in Illinois. Will she be able to put any of that money in a trust they created?

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Great advice ValerieS.
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Thank you for responding. I did contact our Elder Care attorney. What he said to do is let the money keep flowing "monthly " to my mom & don't let it be drawn out in a lump sum. This way it does NOT start the,"lookback" over again.! This was good news for my siblings & I. Thank you sooo much for your input. Very much appreciated, Jeanne
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I think you need to consult an Elder Law attorney. Basically, if she receives money now she will be ineligible for Medicaid until she spends it down on her own care. The lawyer can help you determine what she is allowed to do with that money and resume being eligible for Medicaid.
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