love one having to go to nursing home?


Old 01-13-07, 08:03 AM
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Join Date: Aug 2000
Posts: 58
love one having to go to nursing home?

is there any sites and or forums that can help on financial situations, do or don'ts and timelines?
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Old 01-13-07, 08:57 AM
Join Date: Aug 2000
Location: USA
Posts: 15,834
Laws governing finances of loved ones going to the nursing home are very state specific. Private pay residents pay fees with personal finances and/or long-term care insurance. Medicare covers for a limited time period for those recuperating from an illness or injury and requires hospitalization and doctor's order. Medicaid requires meeting financial guidelines and reporting of all assets and income. There is a spend down period in which all assets are spent.

You can contact Medicare and your state's Medicaid office to get details. Your local nursing home will also be very helpful. Here is a general guideline for Tennessee:

All financial arrangements will have to be made with the nursing home prior to admission. If there is a spouse, there is a Spousal Impoverishment Law re: Division of Assets that prevents the impoverishment of the surviving spouse still living at home. Be wary of signing paperwork that may implicate you as financially responsible.

Note that there are penalties for those who give away or sell assets prior to admission and for those who receive them. The time period prior to admission varies among states, say 18 mos. to 3 years. This is why it is very important to learn your state's Medicaid requirements.
Old 03-11-07, 05:47 PM
Join Date: Mar 2007
Posts: 75
Exclamation Medicaid planning

You are broaching an area of the law that crosses over many types of law.

You really need go see a lawyer who specializes in the law in this area. There are many competing considerations, too many to mention here. Suffice it to say, find an estate planning lawyer who also does medicaid planning and may also have some tax knowledge.

Good Luck!

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