CLIENT QUESTION:
Good morning –
Attended one of your seminars and it was most interesting and informative.
My question – Say you are residing in either an assisted living arrangement or in a community like Jefferson Ferry or Beach House – when ALL your funds available are depleted, except Social Security, does Medicaid automatically assume responsibility for payments thereof and is there still a backlog of 5 years in force and does Medicaid take your Social Security as “payment”?
Thank you and a happy and healthy New Year to you and your family and staff!
MY RESPONSE:
The bottom line is that if you have no money because you spent it all, and then you need a nursing home, Medicaid will pay for your nursing home but you must first spend all of your income (except $50) on the nursing home before they will pay.
However, Medicaid is not automatic. You have to apply for it and prove that no transfers were made within the last 5 years. This is like a full-blown IRS audit. Among other things, our law firm is a Medicaid application law firm, so, please allow us to prepare your application for you. |