It asks the value of the IRA but nothing about payments. I'm preparing an online Medicaid application (https://dcf-access.dcf.state.fl.us/access/index.do) for my mom in Florida. She has an IRA from which she receives regular distributions, and everyone seems to agree that an IRA that is in "pay" status, like this one, is not a "countable" asset for Medicaid purposes.
What concerns me is that the application does not seem to ask if the IRA is or is not in "pay" status. Under the Liquid Assets section, there is a question that asks if she has any IRAs, and if yes state the value. That's all. There's no question asking the amount or timing of distributions from the IRA. In the Income section (separate from the Liquid Assets section), there is a drop down box to select various sources of other income (interest, dividends, Black Lung benefits, stipends, etc), but there is nothing for IRA distributions. The only possible choice would be the catchall, Other Sources.
So I'm worried that the IRA will mistakenly be classified as a countable asset, which would render my mom ineligible and at least delay her approval. This issue must come up regularly, many people have IRAs, why doesn't the form have a clear place to indicate that there are regular payouts?
Any thoughts on how to report the IRA and the regular payouts would be appreciated
Also, I will try to get the payments changed to monthly.