Disabled Child of Not? Timing is Everything (Part 2)
Last week I was telling you about Rick. His Dad transferred his home to Rick, who currently is disabled but was not at the time of the transfer. I explained to Rick that the transfer, contrary to what he believed, is subject to a Medicaid transfer penalty of 51.5 months
Disabled Child or Not? Timing is Everything
The last 2 weeks we were discussing the transfer of a home to a child who has been living with the parent in that home. But, what about transferring the home to a disabled child? Isn’t that an exception to the Medicaid transfer rules? The answer is yes, but like all
Can’t I Transfer My Home to My Child Who is Living With Me and Still Get Medicaid? (Part 2)
Last week we were discussing Susan’s mistake of confusing Medicaid’s exempt asset rules vs. the transfer of assets rules. Mom transferred her home to Susan 4 years ago and now needs Medicaid. If she applies now there will be a Medicaid penalty, a period of ineligibility. There are, however, exceptions
Can’t I Transfer My Home to My Child Who is Living with Me and Still Qualify for Medicaid? (Part 1)
This is a case of a little bit of information being a dangerous thing. Mom transferred her home to Susan 4 years ago. Mother and daughter had been living in the home for years. “Since I am living in the home isn’t it an exempt asset,” Susan asked. “Yes, it
What is the CSRA and How is it Calculated? (Part 2)
Last week we were discussing the Community Spouse Resource Allowance (CSRA) and how to calculate it. I also explained that a mistake in determining that number can be quite costly. Here’s how. Using my example from last week, let’s say husband, Joe is in the nursing home and wife, Mary has
What is the CSRA and How is it Calculated? (Part 1)
CSRA stands for community spouse resource allowance, that amount of money that a healthy spouse can keep and still qualify the ill spouse for Medicaid. Sounds simple but if misunderstood and misapplied, it can cost the healthy spouse tens of thousands of dollars in lost assets and additional nursing home
Mom is Helping Her Out of Work Son – Problem for Medicaid?
Click on http://www.youtube.com/HauptmanLaw to see my answer. (Sound may need to be adjusted on your computer.)
What Exactly is the Medicaid Penalty?
And how can it hurt me? Click on http://www.youtube.com/HauptmanLaw to see my answer.
A Muddy Medicaid Paper Trail Leads to Potential Financial Ruin (Part 2)
Last week we were discussing Gail’s difficulty getting Medicaid for her mom. She had spent down Mom’s assets but because there was not a clear paper trail, Medicaid was approved, but with a 6 month penalty. This meant that Gail would be on the hook for 6 more months of
A Muddy Medicaid Paper Trail Leads to Potential Financial Ruin ( Part 1)
Medicaid applications are getting tougher to get approved these days. Gail called us when Mom had just entered the nursing home after having lived with her for several years. Mom had 2 months of funds remaining. Gail called us to handle the Medicaid application. I told her we had to