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MIL is in extended care, medicare cut her off due to being in for so long but it's necessary that she stays there. She is thinking of turning all her assets over to her two sons, if she does that she will qualify for medicaid and then she can stay in extended care and have the charges covered.
My question is if she turns her assets over to her son is there a time frame that she can do that and be covered by medicaid, I know with a bankruptcy if you sell or turn your assets over within in a 90 day period it doesn't qualify and they still have to declare the assets. Does medicaid have a time frame as well?
I am sure they will be able to look into her past transactions. I know some states it can be up to 3 yrs they can look into the records. I work in a hospital and I see patients try this all the time as well as patients getting divorces so they don't have an income.
It all depends on the state as the others already mentioned.
I would be careful about that. It would be considered fraud and if she gets caught with that, they will give her a nice paid of shiny silver hand cuffs.
Can you get help from a Church or relatives for her?
MIL is in extended care, medicare cut her off due to being in for so long but it's necessary that she stays there. She is thinking of turning all her assets over to her two sons, if she does that she will qualify for medicaid and then she can stay in extended care and have the charges covered.
My question is if she turns her assets over to her son is there a time frame that she can do that and be covered by medicaid, I know with a bankruptcy if you sell or turn your assets over within in a 90 day period it doesn't qualify and they still have to declare the assets. Does medicaid have a time frame as well?
First all if she has money, see an Attorney, elder service
for advice. You just do not get on medicaid, and I do think now it may be a
5 year look back. Yes, she, may give it to her sons, and they may also provide her care. If they have a social worker there, her and her sons need to sit down and talk. Medicare is not long-term care.
Thank you for your comments, I tried to tell the family the same thing but they wouldn't necessarily listen to me. She is a resident of Alaska.
She had hip replacement, they sent her home too soon and she fell and broke her leg so she was back in. She healed from that 3 weeks later she fell and broke her shoulder. She hasn't been out of the extended care for 60 days and thats what medicare requires to continue to pay for her treatment.
I do believe there is a time frame that all her assets have to be signed away before she can do that. My boss (lives in Mississippi) had to put his mother in a nursing home and he they were only ONE day past that cut off date.. She qualified for it.. They didn't do the transfer of her assets for that reason tho, they did it because her other child was cleaning her out and putting her in debt through fraud.
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