Reply to Explain hiding assets from medicaid

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[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]

Correct, you don't necessarily end up in a "medicaid" facility, there are a certain number of beds for medicaid clients at nicer facilities. Additionally, the overall length of stays at nursing homes is much lower than one might think, usually measured in months not years I believe.[/quote]

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