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Eldercare
Reply to "MIL Savings and Medicaid"
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[quote=Anonymous]I had a relative in a similar situation. The funeral had been paid for years before so that wasn’t an issue. He was admitted to a nursing home that took Medicaid patients but he had to have enough assets to pay for a certain number of months of care in case Medicaid didn’t approve him. It was over $30,000 but this was in another state and it was a fairly nice facility. When he moved in, he had to sign over his savings and his social security to the nursing home as his social security paid and then Medicaid paid the balance. I was not involved in the intimate details of when Medicaid approved and he passed away about 7 months after moving in and I was not in charge of sorting out the final bills. I do not know what the rules are in your state and it may vary by facility whether you need to deposit thousands of dollars upon entry (if you haven’t already qualified for Medicaid). You will also be surprised at how much a funeral costs. There will not be much left (if any) if you don’t already have the cemetery plot. It may be worth a few hundred dollars for a consultation with an elder care attorney to make sure you are handling everything properly and applying for everything your MIL is entitled to. [/quote]
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