Quote:
Originally Posted by Vjo
Good to hear. Sounds like you learned a lot and got the hardest part over (selling the house).
Another thing.. if she will ever go on Medicaid (her money runs out) expect the county to look back 2 years at her finances to see if there were any transfers to fam members. If there were you can expect some flak.
usually a lil is ok..
The toughest thing is watching our parents savings (where they bought the generic mac/cheese to sav a few cents over the years) go up in smoke to high room costs and tons of medical expenses.
Spend her money now folks or get it transfered within 5 years of her going on Medicaid to be safe. (which the parent will seldom let you do) County doesnt want to pay what they dont have to.
So for most we write huge checks till the money is gone. Sad really when they save all their life to see $100,000 savings go in maybe a year or two.
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I had to deal with the medicaid people before when she got sick so I have been through a version of it, even though she was only on medicaid for a few months. What amazed me is what they consider "too wealthy" for medicaid. Basically if you have more than $2,000 of net worth you have to much to qualify for Medicaid. At that time I was trying to sell her house, but she hadn't lived there very long so we thought she would likely break even. She ended up making a little money off of it, but by then she had been on medicaid and then came back off it.
The thing that annoys is how slow some things work. When she first got sick she applied for "emergency" disability. This was going to be a little money to help her out while they decided if she qualified for regular disability. It took them 9 months to get the "emergency" approval.
Some of these places are so expensive your life savings/retirement can be gone in no time at all.