I currently have a savings bond in which my parent is listed as a coowner on it... I am the primary and my parent is the secondary... if I was to cash the bond in... my Social Security number would be taxed...
My question is.... if my parents apply for medicaid would the savings bond be calculated in their asset portion even though my social security number is on the bond?
Any advise would be helpful.
I worked, bought and paid for these...not a gift from anyone but from my job.
Thanks.
If your really fretting on this, cash them out, put funds into a spanking new bank account in your name and leave it untouched till Medicaid cleared whenever that happens even if it's years from now.