I’ve only recently turned over representative payee to nursing home. He ended up with more than $2000 at a certain point and now I’m afraid he won’t qualify for Medicaid if it sits there. Do I move that money out?
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"Will Stimulus Checks Affect My Medicaid Eligibility?
No. Under Medicaid rules, a stimulus payment is not counted as income. Therefore, receiving a stimulus payment does not change a resident’s monthly payment (often called a “patient pay amount” or “share of cost”). The resident pays the same monthly amount to the nursing facility and keeps the stimulus payment for their own use. In addition, the stimulus payment does not count as a Medicaid resource for 12 months. In other words, for the first year, the payment cannot cause you to have “too much” savings.
"Are There Restrictions on How I Can Spend the Stimulus Money?"
In general, a resident can spend the stimulus money as they wish, including gifts and charitable contributions. This is the resident’s money to spend on their wants and needs.
What can you buy for him with that money? Does he need or want something? Maybe a nice recliner for his room? Maybe some new glasses, hearing aids, shoes, clothes?