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He will not qualify for Medicaid until Much of his income has been spent. A visit to an attorney who specializes in elder care would be a very good idea. They can guide you on how to structure your finances so that. Your assets will be protected and his assets will be spent down to a level level will allow coverage. My brother-in-law’s family was faced with this situation. His son was the nearest relative and had little if anything to do with his care. His brothers and sisters stepped in, one sister-in-law figured out the process of spending down. His cars had to be sold, his house had to be sold, anything he had a value had to be liquidated. The money generated from that had to pay for his care. When that was reduced to a certain level, I can’t remember how many thousands he was allowed to keep in cash maybe 20,000? Once that level was reached, he became eligible for government assistance to pay for his stay. The care facility understood that when he came in the family using their brother’s assets would pay for his stay. Once he reached a certain level, it would transfer to Medicare funding. They were used to this, and they were willing to do it. There are however, some facilities that will only accept full and private payment. So it’s important to locate a good facility. It’s willing to work with you on this. Hope that helps. It’s really hard.

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Replies to "He will not qualify for Medicaid until Much of his income has been spent. A visit..."

When I say “your assets “I’m really talking about his assets that family members are managing on his behalf. It doesn’t matter what the brothers and sisters have. They will not be held responsible nor adult children. At least in the state I’m familiar with.