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Personal Finance and Investing

IbogaProject

(3,998 posts)

8. There are three types of Medicaid

Reply to 3Hotdogs (Reply #7)

Sat Jan 11, 2025, 02:45 PM

Jan 11

First is the health coverage for low income people. Then there is community care Medicaid for home bound elderly in need of personal assistance, they send aids around weekly, daily or in between. And finally Nursing Home medicaid. There is a look back or claw back period for below market transfers, 2.5 years in NJ for Home Care Medicaid and 5 years for in patient nursing care. This isn't about the Medicare 100 days per year of Rehabilitation after illness or injury. Yes get advice from both an eldercare attorney and from an accountant. Good luck.

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walkingman

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Tax question - My life partner and I are not married. We live in a 2 family home that she owns. 2nd floor is occupied by [View all] 3Hotdogs Jan 11 OP

Find a good attorney before you do ANYTHING. Joinfortmill Jan 11 #1

You should probably talk to an accountant or other professional about this. Ocelot II Jan 11 #2

Ask a qualified tax professional euphorb Jan 11 #3

This would require an attorney to establish. Of course, we would ask those questions. 3Hotdogs Jan 11 #4

Good on you to be planning ahead for your next chapter in life. Deuxcents Jan 11 #5

Also, fully inform yourselves of potential Medicaid (not Medicare) marybourg Jan 11 #6

We are both on Medicare. 3Hotdogs Jan 11 #7

There are three types of Medicaid IbogaProject Jan 11 #8

Good info - we have personal experience with the home bound assistance type. In Texas, even for that walkingman Jan 11 #9

She has a home care policy for three years. 3Hotdogs Jan 11 #10

Get an Eldercare workup no matter how prepared you think you are IbogaProject Jan 11 #11

I know the value of an elder law attorney. When my mom was going south, we paid 2,500 for documents. 3Hotdogs Jan 11 #12