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medicaid for seniors question
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<blockquote data-quote="Marcie Mac" data-source="post: 457808" data-attributes="member: 47"><p>As far as I know its 5 years. My mother had to pay for assisted living out of her savings, supposedly after her money was gone, they would just take her SS check and give her a few dollars out of it per month for Xtras.</p><p></p><p>If she goes into a convalescent home, I think SS will pay out IF she has no assets, and they will check to make sure she doesn't. They will take her life insurance, any property, home, annuity. I think they allow you to use money for burial expenses though. So if she is going to distribute any money/property make sure it is done prior to that 5 year time line. </p><p></p><p>Check out the website Caring.com - I gleaned a lot of information on elderly parents on there.</p><p></p><p>Marcie</p></blockquote><p></p>
[QUOTE="Marcie Mac, post: 457808, member: 47"] As far as I know its 5 years. My mother had to pay for assisted living out of her savings, supposedly after her money was gone, they would just take her SS check and give her a few dollars out of it per month for Xtras. If she goes into a convalescent home, I think SS will pay out IF she has no assets, and they will check to make sure she doesn't. They will take her life insurance, any property, home, annuity. I think they allow you to use money for burial expenses though. So if she is going to distribute any money/property make sure it is done prior to that 5 year time line. Check out the website Caring.com - I gleaned a lot of information on elderly parents on there. Marcie [/QUOTE]
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