My parents have Medicare A&B and Tricare for Life, one needs more nursing home care. Should they get sep accounts to qualify for Medicaid? - AgingCare.com

My parents have Medicare A&B and Tricare for Life, one needs more nursing home care. Should they get sep accounts to qualify for Medicaid?

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Good afternoon,
Our elder law attorney advised us to separate their accounts and to file separately for Medicaid.
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Reply to Treeartist
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You may also want to look into your states veterans homes or talk to a veterans service officer. There may be benefits that the veteran is eligible for that could assist with payment or placement in a veterans home at no cost or a reduced cost.
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Reply to EmmaSue
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The best bet is to consult with an elder care attorney. there may be additional things that can be done. Separating finances is only one of them.
I can tell you that I set up the separate accounts years ago and it has helped with the guardianship and the courts requirements.
Medicaid will not doubt have its own guidelines.
best of luck.
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Reply to OldSailor
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