There was no long term planning done for my dad. I know dad will need to go into SNF soon. I am getting things in order. It will not be difficult to spend down his savings in a short period of time. I spoke to a number of lawyers and have been told that Medicaid will most likely assess a penalty. Have any of you had a loved one in a facility and had to deal with a penalty period? How did you handle that penalty period?
Yes, money and a car were transferred years ago. There is no getting them back.
One has to spend down to qualify for Medicaid. You can only apply for LTC medicaid when the person is in the facility. There is a penalty period. You private pay or take the person home. What have you chosen to do at this point?