Re: Equal Protection Under the Law.
No... you can not just simply transfer your assets. Medicare and Medicaid can go back and look at such transfers for a period of up to seven years prior to the application for benefits. If it appears the transfer was made to "hide" funds... benefits can and will be denied.
Originally Posted by HonorsDaddy
And perhaps your state medicaid laws vastly differ from those of other states (I doubt it... but MAYBE they do) but yes... your home and cars ARE indeed financial assets that must be liquidated. Not only is this what I do for a living... but I also went through the same thing with my wife's mother 5 years ago. Her home, her cars, and her motor home ALL had to be sold, and her bank accounts spent down... with deposit slips showing the proceeds from the sales of her assets deposited into her account... and receipts showing the funds in her account had actually been spent 100% on her care down to the 2k threshhold, before she could qualify for medicaid. She had a live in boyfriend at the time who if they had been married could have kept it all... but since they were not he lost his home. The difference is... that they had the oppurtunity to avail themselves of the protection of marriage had they so desired. That protection is illegally denied my wife and I.
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