Medicaid- Assets

[Kruser]

My state FLA. Confused on assets, i believe that my 76 yr old sister can only have $2000 in assets, plus $2000 for Burial expenses and has to spend the rest, $4000. What if she went to a adult living housing?. Can she pay back rent with the money?. Would she be able to keep the money if she Quaifies as medically needy or share the costs (co-pay) ?.
She has the 25 pages filled out to apply for medicaid, i'm just looking for guidence. What rules are there on spending that $4000?.

 

[BL]

What $4,000.00 ?

 

[Kruser]

Medicaid-Assets

My sister has only $8000 and a 69' chevy car. I think they let you keep $2000, and $2000 for burial exspences. You must spend anything above that.
She maintains her $8000 with $1182 pension. I don't want her to just spend the $4000 off until i find out about Medically aided or Medical CO-Pay.
She can live on her income, and pay minor medical bills, something serious is another matter. She does not Qualify for SS or Medicare.

 

[BL]

Try here : http://elderaffairs.state.fl.us/doea/english/servicesArea.html

But If she was to apply for Medicaid , she would be required to answer questions such as , bank accounts , weather or not she has transfered any assets or property , Etc .

In a long run , before she has to have major medical care / Medicaid , she should withdraw it and keep it home in a safe ( and keep it hush hush ) , or something similar. Then when the time comes , it won't be traceable , and she will qualify .

Also, in My state once qualified , Medicaid goes back about 3 months of paying medical bills owed .

 

[Kruser]

Medicaid-Assets

Thanks for your replys. I know you sign a release so they check your bank account. I'll withdraw 2 checks at $2000 each . One for paying the nephew for her teeth, and me for back rent. Thank you for your help.