Elder Care

[8bucks 7,561]

I was wondering if any of you have experience in Elder care law.  My father in law passed away last week and one sibling who had been handling finances has things in a bit of a mess.  I managed my parents with the help of my cousin who used to do elder law so I know enough to be dangerous.  Here is the question.  My mother in law had just moved into assisted living a few months before my father in law passed.  She still owns the home she had and yet was on Medicaid Waiver.  If we sell the house, she would have about $200k in proceeds and I seem to remember that if she received some Medicaid Waiver assistance they could claw back some of those proceeds.  For easy math, lets say she receives $15,000 in Medicaid waiver benefits and has $200k in proceeds after the sell of her house.  Will Medicaid claw back the $15k she received or will the entire $200k but clawed back?  

I think it would be better to sell the house and live on private pay in assisted living off the proceeds.  She would probably live another 4 years so she likely could have enough proceeds and income to not have to go back on Medicaid Waiver.

Anyone have experience with this?

[Golfman25 6,799]

yeah, you need an attorney well versed in the medicade system for that one.  One mistake could be really costly.  Good luck.  

[8bucks 7,561]

Thanks. We have one fortunately but the family member handling it has us in a mess with her too. It will work out