What is the name of your state? PA
I'm trying to help a friend out who might be doing the wrong thing. Here's the situation:
This person's grandmother is in ill health and has very few assets outside of her house, which is in ok shape, but it is in a pricey neighborhood.
1. If the grandmother Quit Claims the house (it is currently owned soley by her free-and-clear) to this person, and then goes into an assisted living facility (on Medicaid) sometime in the near future, could/would this be Medicaid fraud? How far back does Medicaid look?
2. If this person "buys" the house from the grandmother for, lets say, $50,000 and the house has a Fair Market Value of $105,000, and the Grandmother then goes into the same scenario as #1, could/would this be Medicaid fraud?
I think she (the friend) is going to get into trouble and should just purchase her own house and forget about the grandmother's house. Am I just paranoid or are my fears grounded in reality? Thanks in advance for any advice.
I'm trying to help a friend out who might be doing the wrong thing. Here's the situation:
This person's grandmother is in ill health and has very few assets outside of her house, which is in ok shape, but it is in a pricey neighborhood.
1. If the grandmother Quit Claims the house (it is currently owned soley by her free-and-clear) to this person, and then goes into an assisted living facility (on Medicaid) sometime in the near future, could/would this be Medicaid fraud? How far back does Medicaid look?
2. If this person "buys" the house from the grandmother for, lets say, $50,000 and the house has a Fair Market Value of $105,000, and the Grandmother then goes into the same scenario as #1, could/would this be Medicaid fraud?
I think she (the friend) is going to get into trouble and should just purchase her own house and forget about the grandmother's house. Am I just paranoid or are my fears grounded in reality? Thanks in advance for any advice.