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An elderly parent's net worth must be completely used before medicaid
will pay nursing home care, right?
QUESTION: An elderly parent's net worth must be completely used before medicaid
will pay nursing home care, right? Isn't it a fact that alot of families
see that the elderly parent has no net worth when they enter the home?
i.e. gives it all away to grandchildren first.
Does the typical nursing home have one waiting list for medicaid
residents and another waiting list for self-paid residents?
Is there a legal way to fund either all or part of nursing home care with
charitable gifts of appreciated property? mutual funds, stock, etc.
At least you don't pay capital gains taxes on the appreciated
property.
ANSWER: There probably isn't a site for church related homes per se. I can't
vouch for most of these links, but a search has yielded the following:
The Administration on aging has lots of information on its site
including the eldercare locator, a directory and links to state and
local agencies on aging.
http://www.aoa.dhhs.gov/
HCFA has a nursing home comparison page with information from the state
surveys (inspections) of nursing homes called nursing home compare
http://www.medicare.gov/nursing/nursinginterim.html
Illinois State dept of public aid- handles Medicaid
http://www.state.il.us/dpa/medsubc2.htm#Nursing Homes Services
The Illinois dept of aging is
http://www.state.il.us/aging/
Local area agencies on aging also have web sites which should be
accessible from AoA or the state office. They should have information
about all the facilities in your area and what kind of life care plans
might be available.
The American society of homes and services for the aging is for
nonprofit homes: http://www.aahsa.org/
http://www.mr-longtermcare.com/ltc/consumer-guide/guided.html
http://www.elderweb.com/ageissue.htm
Various elder law sites:
http://www.abanet.org/elderly/
http://www.elder-lawyer.com/
http://www.seniorlaw.com/
ttp://www.seniorscape.com/
http://www.nsclc.org/
http://ourworld.compuserve.com/homepages/d_victor_pellegrino/
http://www.estateplanningservices.com/pagehome.htm
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