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Dad (92years old) is going to need to go in a nursing home... my two sisters have been living home taking care of him but he now requires higher level care. Both sisters are on disability,one of which has never lived elsewhere. In the process of trying get Dad on Medicaid (he is a WW2 Vet). No money in the bank but he has approx $1400 monthly (SS)income and family home is only asset.
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It shouldn't be necessary to lose the family home to qualify your father for Medicaid benefits to help pay for his nursing home care. In Florida, the homestead is a protected asset, even for Medicaid eligibility purposes. There are some rules involved, but generally speaking you can keep the home for the other family members, especially if there are disabled adult children.
The Medicaid planning environment is quite complex, but properly following the rules established by statute and regulation can result in substantial benefits to help ensure your father has good care.
I strongly recomend that you consult with an experienced elder law attorney in your area to obtain the assistance that you will need to safely navigate the twists and turns of the Medicaid planning process.
Good luck to you and your family.
C. Randolph Coleman
Answered on Apr 14th, 2016 at 6:55 AM