Follow
Share

I have POA for him. The house is paid for so he will receive about $60,000.. Would the $2000 in assets mean he could keep $2000 cash?

This question has been closed for answers. Ask a New Question.
Find Care & Housing
Jenny, I found this article on the Aging Care website which I hope will be helpful for you, plus there were 81 comments https://www.agingcare.com/articles/Spending-Down-to-Medicaid-133289.htm
Helpful Answer (0)
Report

Question for the Medicaid spend down experts here: Couldn't the $60K be used to pay for facility care until the $2K is reached?
Helpful Answer (0)
Report

$60K is not very much, I would not spend a nickel, it would barely be enough for two years in the ALF.
Helpful Answer (0)
Report

This question has been closed for answers. Ask a New Question.
Ask a Question
Subscribe to
Our Newsletter