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Eldercare
Reply to "Send Mom to nursing home? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Medicare homes take patients who spend down all their assets, then live there until end of life on the government’s dime. This means you need to move your family out because the house will have to go. Or that you buy the house at an advantageous price now so it’s not hers on paper. While you figure this out, hire an aide. [/quote] Even if they buy the house at market value wouldn’t it be part of the 5 year look back?[/quote] DP. The money for the house sale (regardless of who bought it) would be used for nursing care. If it is a significant amount of money, mother would no longer qualify for medicaid, and then she would have to go into a private pay nursing home, paid for by her pension and proceeds from the house.[/quote] The house is no longer the mother's to sell.[/quote]
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