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Eldercare
Reply to "Explain hiding assets from medicaid"
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[quote=Anonymous] OP - Your dad has every right to speak with an experienced lawyer who could help him decide on a future plan in terms of legal and financial considerations. It may be best to get a referral to an eldercare lawyer who could give him options should a major health event occur before the 5-year period ends, but still have assets protected as best as one can. The truth is that unless one is very wealthy that healthcare costs are only going to keep rising, and you can't just say when the end game will occur. There is a strict 60-month of five year look back on any transfer of assets. As the first response indicated, Medicaid beds are limited in most nursing home facilities - and, in fact, may even be so within a community. Even in a CCRC where one might be told there are so many Medicaid beds, one who lives there can only be given preference to slide into one when needed - if there is an opening. [/quote]
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