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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?
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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.
Share a few details and we will match you to trusted home care in your area:
We are looking to apply for community based Medicaid. My grandmother is still alive. We want to take whatever savings he has which is about 40k and stocks and bonds. How do we transfer the money to his kids, without getting penalized?
An elder law attorney in your state can help your grandparents plan the best course to eligibility for the home care program that will help them stay safely at home.
Their modest life savings may be directed to the individual ownership of your grandmother, to non countable assets, to useful home improvements, or combinations of those, depending on the regulations in your state. They might consider setting the funds aside in a Pooled Trust account, but that step is probably unnecessary right now, considering the limited amount of funds available.
You mentioned the goal of transferring funds to their children. The elder law attorney can explain the transfer penalties that may apply to home care eligibility in your state, and to eligibility for Medicaid payment for care in a facility that will disqualify if care is needed within the lookback period over the coming 5 years.
But these transfer penalties don't apply to transactions made for value received by your grandparents, and if the children are providing any services, the elder law attorney can show them how to satisfy the requirements in your state for documenting payment for services that eliminates problems with Medicaid eligibility now or in the future.
Also, if there is a disabled family member, your state's regulations will explain how funds can be transferred for the disabled person's benefit, with no penalty to your grandparents.
His money if for his care, not for his children. Medicaid will catch this in the look back. He has probably waited too long to establish a trust, but you could investigate with an elder attorney. The taxpayers are not responsible to pay for his care.
My mother’s NH care cost very close to $1,000,000 of HER MONEY, earned by my dad and saved and budgeted until she was 89. Why should I have thought that it could be spent on someone other than her?
Use the money for grandpa's care. Until he is actually indigent, the taxpayers should not have to pay. Simple morality. I know Europeans have a better system, but higher taxes to fund it.
I am curious as to why you think that his money shouldn’t be used for his care? Medicaid in conjunction with the federal government has very long tendrils and can access banking statements, real estate transactions and then scrutinize his financial records to assure taxpayers don’t pay for care until that person’s assets are spent on themselves- which is how it should be.
For one thing, there is a 5 year look back. My mom is exhausting a lifetime of savings for home aides to keep herself out of the nursing home as long as possible. 3 years ago she bought my niece a car (against our wishes) & we will be facing Medicaid penalties because of it. An Elder Care attorney we consulted for advice was going to charge $8,000 for us to be able to get us “through the system”. We didn’t want to hide or transfer assets, just something set up that would get us through the penalty phase. If you can beat the system, it’s not going to be cheap. It very well might not be worth the time, money, and worry to do so.
You can't. Medicaid is for people who have no money besides SS and pension. You have to be in a certain income bracket to receive it. Gfather will need to use that 40k for an aide. You really need to talk to your local Medicaid office? Because of grandma, 20k of that money maybe considered hers. If so, Gfather will have to spend his half to qualify. Not sure with Homecare what you are allowed in the bank. Thats why you need to run this question by Medicaid or a lawyer. Medicaid will ask for financial info and will see that a large amount was transferred.
Homecare usually has the same income requirements as Medicaid, you have to qualify for Medicaid to qualify for home care so it’s unlikely grandpa will get homecare if he’s got $40k in the bank
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.
Their modest life savings may be directed to the individual ownership of your grandmother, to non countable assets, to useful home improvements, or combinations of those, depending on the regulations in your state. They might consider setting the funds aside in a Pooled Trust account, but that step is probably unnecessary right now, considering the limited amount of funds available.
You mentioned the goal of transferring funds to their children. The elder law attorney can explain the transfer penalties that may apply to home care eligibility in your state, and to eligibility for Medicaid payment for care in a facility that will disqualify if care is needed within the lookback period over the coming 5 years.
But these transfer penalties don't apply to transactions made for value received by your grandparents, and if the children are providing any services, the elder law attorney can show them how to satisfy the requirements in your state for documenting payment for services that eliminates problems with Medicaid eligibility now or in the future.
Also, if there is a disabled family member, your state's regulations will explain how funds can be transferred for the disabled person's benefit, with no penalty to your grandparents.
I know Europeans have a better system, but higher taxes to fund it.
Medicaid in conjunction with the federal government has very long tendrils and can access banking statements, real estate transactions and then scrutinize his financial records to assure taxpayers don’t pay for care until that person’s assets are spent on themselves- which is how it should be.