If I Care For My Parents, Will It Affect Their Medicaid Status?
Parents ask their children to come in and help them with their care on a regular basis. The truth is that as long as you don’t change any assets over to your parent’s names the fact that you care for them will not affect their Medicaid status. You can even buy them some of their basic amenities to make sure they are truly properly taken care of. This includes things that your parents will need in order to take a shower for example. Some people really do not like the idea of taking away Medicaid from the elderly.
An attorney can help answer the question of whether you caring for your parents will end up affecting their Medicaid status. An attorney can help them with the proper Medicaid planning. The proper estate planning will make sure that you caring for your patients will not affect their Medicaid status. The whole situation should be fairly easy for an attorney to control. You may also want to alter your parents last will and testament so nothing in there will end up impacting their Medicaid status. This can be important to being able to afford health care.
The fact that you take care of your parents also should not affect the ability of your parents to possibly get prescription drug coverage under Medicaid. Again, it all comes down to the number of assets that your parents happen to have in their names. The fact that you may be unable to afford your prescription drugs under Medicaid because your children happen to be caring for you would indeed would be a scary prospect. No human being should be scared that they won’t be able to afford their medication.
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