Reply to Explain hiding assets from medicaid

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Your dad is smart to do this. In many states the Medicaid nursing homes are really good and in some states Medicaid can be used to pay for in-home care. Why would you pay for this stuff yourself when the government can pay for it? Does your dad pay for his doctors out of pocket just because he has the money or does he have Medicare pay for it? I assume he has Medicare pay for it.

This is not putting the government "on the hook" any more than having Medicare pay for heart surgery is putting the government "on the hook." Your dad would be be taking advantage of programs he is legally entitled to. If Congress did not want people doing this, they could extend the lookback period.   [/quote]

How is hiding your assets to get Medicaid morally acceptable but working under the table and getting food stamps morally unacceptable for people here ?[/quote]

Putting your assets into an irrevocable trust isn't hiding anything. It is literally giving your assets away to someone else. It is also completely legal. You have to do it 5 years before you even apply for Medicaid before Medicaid will pay for anything. You can hope that the person you give the money to will continue to use the money, now THEIR assets, to help your quality of life. But they have no legal requirement to do so.

I don't think working under the table and getting help to pay for food is morally unacceptable, but it is illegal, so you risk getting caught and facing penalties. In addition, if you work but don't pay taxes, you are aren't paying in to social security or disability and you don't qualify for unemployment insurance and all of those things that form our society's safety net. So it isn't really a good idea for you to do this.

But I think SNAP assistance should be available to everyone.[/quote]

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