Q: My mother is 92 and starting to fall. My sister checked with some long-term care facilities who told her that my mother
Would have to sell all of her assets and give the funds to the facility in order to get in I find that ludicrous is this how it's supposed to work
A: The facility is talking about Medicaid planning. My guess is that your mother is going to run out of assets but presently has either too much in income or assets to qualify for Medicaid. The income cap limit for 2019 is $2,313 gross per month and the asset limit is $2,000 in countable assets for a single person and $128,420 for a married couple. If she owns a home, the home doesn't count so long has she intends to return and the value is less than a certain amount. Medicaid planning is complex and you should consult a board certified elder law attorney before doing anything. Please do not use a company that claims to do Medicaid benefits. This is something that is very easy to mess up and you must have competent counsel in order to do it.
Seril L Grossfeld agrees with this answer
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