The Mudcat Café TM
Thread #46655   Message #692925
Posted By: catspaw49
18-Apr-02 - 12:17 PM
Thread Name: BS: Retirement in the USA?
Subject: RE: BS: Retirement in the USA?
Barbara......Get very familiar because when it happens the "laws" get some odd interpretations. If you do go to a nursing home, all of your assets must be used before the goverment kicks in and that includes real estate. And while Jim up there will not be required to pay, if the assets were used in a questionable fashion as it happened in the case of Karen's grandmother, then they can require payment for services past that 30 days.......and at the rate of about 10 grand a month for nursing homes, it can be a lot.

Even though Karen and I were not the ones to have used her grandmother's assets, the folks at Social Security (a real pain in the ass bunch) held up the Medicaid. You can only divest yourself of a certain amount per year and her son and his wife had made some "rather poor" decisions. But since we had custody (but none of the money, which was gone) we had to take the financial responsibility until the Medicaid kicked in........All in all, about 25,000 that we are still paying for.

Spaw