Nov 11, 2015 - 09:35 AM
Medicaid is state-specific, so you would need to check with an Elder Law attorney in your state to be sure, BUT in general, this is how it works:
Yes, an inheritance is a resource to Medicaid, and as such, needs to be spent for her care if it takes her over the $2,000 cap. However, some states will allow you to set up a Pooled Trust (sometimes called a Supplemental or Special Needs Trust) to hold the money and she will then only lose one month of Medicaid benefits. The money in trust still has to be used for her care and anything left over will go to Medicaid, but you can use the money to pay for caregivers for her along with a list of other things. Contact an Elder law attorney in your area for details.
Nov 11, 2015 - 10:50 AM
Nov 12, 2015 - 03:47 PM
Nov 16, 2015 - 01:58 PM