My father is 79 and requires help with his everyday care. His income is not enough to pay for a private sitter. He is getting close to requiring 24 hours care I have heard that if I place him in a nursing home I will have to give them total possession of all his assets what do I do?
How do I keep the nursing home from taking possession of my fathers property and estate if he needs placement?
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Printed from: http://arezeez.com/2009/11/29/how-do-i-keep-the-nursing-home-from-taking-possession-of-my-fathers-property-and-estate-if-he-needs-placement/ .
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Unless your dad has a long term care policy…then he’s going to have to liquidate his assets to pay for his care.
Government programs (Medicaid/Medicare) have a look back period. So you can’t hide dad’s assets by putting them in your name.
And that’s they way it should be. When Medicaid/Medicare pay for your dad’s care…that money is coming from all of us through our taxes. I don’t pay taxes so you can have an inheritance and you don’t pay them so I can inherit when my parents die.
Your dad worked his whole life to acquire his assets. It is now time for all his hard work and his assets to be used to make sure he gets the best care he can afford. And he will get much better care as a private pay patient than a medicaid/medicare patient.
By the time your dad passes…hopefully he has had a long, wonderful life. He has had love and great care and his assets have been used to make sure he had everything he needed.
That’s my wish for my parents. That they have long wonderful health lives. And when the time comes, I’ll make sure to liquidate their assets and make sure they have top notch care. If all goes right…..mom and dad will have been well cared for…well loved and the only thing I’ll be left with are the great memories and lessons learned from my parents. It’s not my parents job to leave me an inheritance. It’s my job to make my own way…provide for myself and work hard…so that when I am old I will have the resources I need to get the care I need.
Good Luck with your Dad.
yup
he has to run through all his own money before he can go on medicare, and he cant give it away now to avoid this either
We put my grandmother in a home and all they did was take her Social Security.
Some will take more.
Some will not.
Shop around. The one we put my Grandmother in wasn’t a hole in the wall, either.
If you want Medicare to pay his nursing home bill – they do get his assets. They look back (I think) five years, so there isn’t much you can do today to protect his assets.
If YOU pay for his nursing home care – they do not take his assets. Most people cannot afford to pay for nursing home care.
the last case I had in such matters – the clients had to reduce their assets to $1,500.00 before the state / feds would pay all the fees for nursing home care. This includes property, cash, etc. They can not give away assets within the last two years – or the state will require them to repay the amounts. Hell of a system – right? Contact your DHHR – they have people that can tell you everything you need to do.
Well, someone has to take care of the bills. It is not up to the taxpayers to pay for a nursing home. Sounds cruel, but I have been through it. My Mother had a nice home and two cars when she had to be put into a nursing home. She drew SS retirement benefits, but in the end, there was $1000 left after paying all the bills. Just a fact of life.