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Not sure on that one. I remember when my parents moved my grandmother into a nursing home around 1997. Back then they started the process 5 years earlier. My grandmother had to sign control of everything to my mom. Then they waited. My grandmother got social security, pensions, medicare. Lived in an apartment in Brooklyn NY. She fell in the elevator and her leg was caught in the closing door. She needed a knee replacement and went to rehab facility. She never went home. After many months there she went to a nursing home in NJ. There they took control of all assets. The Social Security and Pensions. Because my mom got control 5 years earlier of everything, she got to keep the valuable stock certificates my grandfather had accumulated over the decades of life, and everything else that was worth anything in the apartment. I am not sure what the legal time frame is for that, but I think you have to plan ahead years in advance, whether it is medicaid or medicare.
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Isthisrealyreal Mar 2022
Medicare is insurance and has nothing to do with assets.

This is Medicaid only regarding assets.
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Medicaid is run independently by each state, therefore the rules can vary a lot. your profile doesn't even say what state she's in, so there's no way to answer your question.

There is also a look-back period on the financial portion of the app, which can be anywhere from 2.5 to 5 years. Please speak to a Medicaid Planner for your mother's home state for accurate guidance.
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JamesG, Her pension and SS were assigned to the nursing home or payment.
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Call Medicare a 1-800-medicare and ask for the rules for your State. Medicaid is a joint program of state and federal government. Medicare can direct you to where best to get the answer for your area.
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Call your county social services. Ask or a Medicaid specialist. They will provide information on the rules for your state. Some state offices have printed brochures with rules or your state.
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There are no gifting rules with Medicaid. There is a 5 year look back and in that time no large amounts of money can be gifted. If u mean gifts for birthday and Christmas as long as the amount is reasonable, don't feel it would matter. If already on Medicaid, there is no money. The recipient only gets a small amount of Social Security for personal needs. SS and any pension will go to offset their cost of care.

You maybe thinking of the IRS who allows gifting of something like 15k a year. Not sure about the particulars.
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