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Who are you caring for?
Which best describes their mobility?
How well are they maintaining their hygiene?
How are they managing their medications?
Does their living environment pose any safety concerns?
Fall risks, spoiled food, or other threats to wellbeing
Are they experiencing any memory loss?
Which best describes your loved one's social life?
Acknowledgment of Disclosures and Authorization
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington. Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services. APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid. We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour. APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment. You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints. Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights. APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.I agree that: A.I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information"). B.APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink. C.APFM may send all communications to me electronically via e-mail or by access to an APFM web site. D.If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records. E.This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year. F.You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
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Mostly Independent
Your loved one may not require home care or assisted living services at this time. However, continue to monitor their condition for changes and consider occasional in-home care services for help as needed.
Remember, this assessment is not a substitute for professional advice.
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No, you can't. Medicaid and food stamps would stop cold. Your assets have to go to your care. In fact once, you have $100,000 you will be back on self-pay until you have spent down to your last $2000.
I know that home ownership is exempt from qualifying for food stamps, but it still seems strange to me that one can still have a lot of equity in a home and still get food stamps.
Senior Housing, possibly that is not his to own? I am not sure. I don't want to guess, but both answers are correct, not that anyone needed to hear that, especially pam, oh gosh, medicaid officials would be garnishing something and canceling medicaid faster than the word boo.
Excuse ME I WAS UP LATE AND UP EARLY THIS AM.. SORRY HE IS SELLING HIS HOME.. GOT IT… SORRY ABOUT THAT, and yes it does seem odd, but $100,000 for a home, I do not know the rules on food stamps, depends on the state, etc. or actually probably medicaid rules. I would wonder about that. hummm. Now I am up!!!! Good morning to all :-)
Many confuse the financial requirements for Medicaid Long-Term Care programs with those of other Medicaid and relief programs. There are different financial requirements for different programs.
The fact is that asset limits have been removed for many food stamp programs (SNAP) in most states although income limits remain. (For a list of state asset limits go here: http://assetlimits.newamerica.net/content/asset-limits-your-state)
Similarly, there are senior housing programs with income limits, but no asset limits.
So the answer to your question is yes, you can probably gift the proceeds from the sale of your home to your children without jeopardizing your benefits. Keep in mind, however, that if you apply for Medicaid Long-Term Care benefits within five years of such a gift, you may be penalized and have to wait before receiving benefits.
I can't imagine why you would want to gift assets to your children when the likelihood is that you will need these funds yourself. If there is residual at your demise let them have it then.
However, if you are adamant about making gifts, I would encourage you to first talk to an advisor familiar with Medicaid eligibility for Long-Term Care so as to find a transfer strategy that will not harm you if you require Medicaid Long-Term Care benefits.
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington.
Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services.
APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid.
We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour.
APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment.
You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints.
Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights.
APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.
I agree that:
A.
I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information").
B.
APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink.
C.
APFM may send all communications to me electronically via e-mail or by access to an APFM web site.
D.
If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records.
E.
This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year.
F.
You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
Now I am up!!!! Good morning to all :-)
The fact is that asset limits have been removed for many food stamp programs (SNAP) in most states although income limits remain. (For a list of state asset limits go here: http://assetlimits.newamerica.net/content/asset-limits-your-state)
Similarly, there are senior housing programs with income limits, but no asset limits.
So the answer to your question is yes, you can probably gift the proceeds from the sale of your home to your children without jeopardizing your benefits. Keep in mind, however, that if you apply for Medicaid Long-Term Care benefits within five years of such a gift, you may be penalized and have to wait before receiving benefits.
I can't imagine why you would want to gift assets to your children when the likelihood is that you will need these funds yourself. If there is residual at your demise let them have it then.
However, if you are adamant about making gifts, I would encourage you to first talk to an advisor familiar with Medicaid eligibility for Long-Term Care so as to find a transfer strategy that will not harm you if you require Medicaid Long-Term Care benefits.