Posts Tagged ‘Nursing’

Protect Assets from Nursing Home: Medicaid Eligibility & Application

September 28th, 2009
Protect Assets from Nursing Home: Medicaid Eligibility & Application

There are some important questions to consider when there is a chance that you will be in a nursing home in the years to come. You want to make sure your assets are protected completely.

Question 7: Medicaid income eligibility requirements: Can I transfer income and assets to my children before going into a nursing home and still qualify for Medicaid?

This is likely not possible. When applying for Medicaid you must understan » Read more: Protect Assets from Nursing Home: Medicaid Eligibility & Application

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Parents’ Medicaid Application May be Affected by Gifts to Kids

January 23rd, 2009
Parents' Medicaid Application May be Affected by Gifts to Kids

Dollars & Sense

By Denice Gierach

As published in the Naperville Sun – February 18, 2007

As your parents get older, they may decide that keeping the large house is too much work and they may desire a change of lifestyle.  They may sell their house and then they decide to give some of the net proceeds to their children.  As time goes on, if their health declines, they may need nurs » Read more: Parents’ Medicaid Application May be Affected by Gifts to Kids

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