Quote:
Originally Posted by Plinker
I agree.
Since when does following the law set up by state and federal legislators cause you to be labeled a grifter? Could they not amend the rules if they chose to? I have no issue with those who decide to spend down all of their assets to pay for care as they age but I am not in that group if there are laws that offer an alternative.
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My experience spending down my mother's asset to get her "medicaid" eligible was horrible. In retrospect, I would have only had 1 checking account for her. And one savings account. She had multiple accounts, and ira's etc. Because I had to send the state's medicaid department 5 years worth of statements printed out which was hundreds of pages. She was in assisted living for a few years. My mom entered the hospital, went to the rehab in the nursing home for a while. I think you need to go to hospital first, then rehab, then transition over to nursing home. Because my sister decided a nursing home would be best for her. Plus, my sister was good friends with the president of this well established, expensive, clean nursing home. Because my system was friends with someone on the inside, which allowed my mom to enter quickly, normally there is a 1 to 2 year waiting list for this facility. Once her assets where spent down, she was on medicaid. But the nursing home did not give me any legal advice or anything. They told me to contact an attorney which I did not want to do. Best thing to do is spend down, well in advance of entry into a nursing. However, this is hard to anticipate.