If I'm paying the insurance, taxes and upkeep will that be returned to me when my Mom passes before Medicaid get money back?
Share with friends
Mom is in nursing home for long term care. I am paying insuranrce, taxes, and upkeep on her "home" which I have been told is exempt. Will I get any of this back when she expires? thank you in advacne for your help
MFP through Medicaid is a special program that helps seniors avoid being institutionalized. The grant money has allowed states to set up an infrastructure to determine which nursing home patients are most likely to benefit from a move from an institutional setting.
It can be difficult to determine whether certain assets count toward Medicaid's $2,000 limit. As always, classification of countable and exempt assets varies from state to state, but retirement accounts can complicate Medicaid planning even further.