Mary2
Senior member
- Joined
- May 1, 2021
- Messages
- 710
- Reason
- Lost a loved one
- Diagnosis
- 04/2021
- Country
- US
- State
- GA
Synapticure, the telehealth neurology company Brian Wallach started had speak with an insurance consultant today. She named a federal initiative whereby the federal government was having the states have their Medicaid plans include home care for patients who are at risk for being institutionalized. I know one of my careworkers provides care to Medicaid patients in the home.
She says that with some Medicaid Estate planning it might be possible to get PALS on a Medicaid program that provides careworkers. I wish I remembered the name of this federal initiative.
Anyway she is going to look into GA's program for us. She says it is possible to transfer assets to a spouse. I just looked this up and this does not trigger any type of look back period before services can begin. The community spouse as this spouse is called is allowed to have about 120K I think the number is. I may be wrong...someone can correct me....but I think with IRAs only the RMDs count and not the principal of an IRA as an asset. I will let you know if I am wrong. I just googled it and Googled it and Google agreed with me.
I don't know much else at this point. I am posting this in case it helps another family. So many of us have money tied up in IRAs I thought it was worth mentioning.
It is possible that we qualify for a Medicaid caregiver program and that some other family here does as well.
She says that with some Medicaid Estate planning it might be possible to get PALS on a Medicaid program that provides careworkers. I wish I remembered the name of this federal initiative.
Anyway she is going to look into GA's program for us. She says it is possible to transfer assets to a spouse. I just looked this up and this does not trigger any type of look back period before services can begin. The community spouse as this spouse is called is allowed to have about 120K I think the number is. I may be wrong...someone can correct me....but I think with IRAs only the RMDs count and not the principal of an IRA as an asset. I will let you know if I am wrong. I just googled it and Googled it and Google agreed with me.
I don't know much else at this point. I am posting this in case it helps another family. So many of us have money tied up in IRAs I thought it was worth mentioning.
It is possible that we qualify for a Medicaid caregiver program and that some other family here does as well.