Why does medicaid need bank statements

Read 6 Comments. Related Articles. Recent Questions Spend down ideas??? Any other children with POAs been in this situation and have any guidance to offer? With all due respect to those who depend on it, is Medicaid worth the hassle? How will Medicaid view this? Will it make Mom ineligible for Medicaid. She needs long term memory care. Popular Questions Can someone explain what the 5-year "look back" period for Medicaid is?

Why is it always a goal to put aging loved ones on Medicaid? Related Questions If my name is on my mother's bank accounts would Medicaid take this into account? My mother is on medicaid and will be receiving an inheritance of approximately , Federal law which NC is obligated to follow simply requires that payments made for services rendered must be a fair market exchange.

Most knowledgeable elder law attorneys take the position that this, if literally applied, would sanction payments made to a home health agency or non-related home health worker providing services needed to keep the applicant safe, or entertained, or whatever. That being said, the next section of the manual says that any transfer to a family member for services that were provided for free in the past, must be pursuant to a written agreement entered into on or before the services were rendered.

Theoretically, Granddad could be sanctioned for paying his grandson to mow her yard. I think that is nonsense, but it certainly could be applied to a daughter providing personal care services. My Bottom Line: Even if a homecare provider is non-related, get a written agreement, and then honor it. Do this especially if the provider is a relative. I would also do whatever I could to have a physician paper it up with an order. Finally, not that Medicaid cares, but the IRS certainly does. There are all sort of inexpensive payroll services out there.

Back to Pamela. Can I help her? It is going to be tough. A descriptive photo appears to the right. This is frightfully confusing stuff. Thanks for this good information. It does make me wonder about my writing checks for cash for my own spending needs throughout each month. I am not anticipating any nursing home entry hopefully , as I am currently in very good health.

But I will soon be age Working together with a lawyer to understand the ramifications of your various options will make it easier to arrive at a clear and confident choice. When dealing with something as important as your eligibility for Medicaid benefits, you want to make sure you get things right the first time. By working with a law firm to help guide you through this process, you can lean on an experienced and knowledgeable team to do things properly and maximize your chances of being approved for benefits.

You might not think you are eligible for benefits at the moment, based on what you have read about how Medicaid benefits work, but that might not actually be the case. It would be an expensive mistake to assume that you are not eligible when there was, in fact, a path to eligibility available to you. The Virdone Law Firm. The Rubinstein, Zeh Firm. If you delay getting started and put this off for several months or more, that inaction could cost you significantly down the line.

Be proactive with this issue and get ahead of the game so you can be granted Medicaid benefits as soon as possible. Call us now on Or Enroll Now! Start Here. Who can you hire as a caregiver? Legal Spouse. Parent caring for a child under Designated representative. Contact us. Do you have a question or do you just want to speak with us? To see if you are eligible, fill out this form.

Our belief:. FreedomCare does not provide medical services. At no cost, we can connect you with a network of providers covered by Medicaid or Medicare.

Our Locations. All office visits are by appointment only. If an asset has not been disclosed, the DCFS may charge the applicant with fraud if a deliberate attempt was made to conceal assets.

To ease the burden of collecting documents, it is recommended to keep five years of necessary paperwork. She can be reached at , ext.