Reply to Explain hiding assets from medicaid

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is tricky and really depends on the amount of assets your father has.  If you have enough to get into a nice place, some will convert you to Medicaid if you run out of money.

But also, he may not realize how bed the straight up Medicaid places are.[/quote]

If you’re in a nice place and run out of money, would you have to transfer to a different facility?[/quote]

Yes, unless they have a medicaid bed available. 
[/quote]

Some of the nice places have a couple of Medicaid beds and if they have one open when you need to be on Medicaid, they will put you in one.  But it's not a bottomless pit.  It's built into their financial model to have this set up.[/quote]

This. And before someone gets admitted into a facility, there is a thorough review of assets. If there’s only a few months of payment available, admission is unlikely. [/quote]

With Medicaid all income (Social Security included) gets garnished and used for payment for the facility, and you are left with a minuscule allowance per month.[/quote]

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