Arrgh, I had to send in my mom's bank statements for her Medicaid renewal, and I realized that I accidentally let her assets exceed the $2000 limit at the end of one month, several months ago. I've been told that the end of the month is the key date - that at the end of every month, balance must be under $2000. One month it wasn't. Does anyone know the effect of this? If she lost benefits for one month I could pay the nursing home bill for a month, but I can't pay it every month. Will they just dock us the month, or cancel everything and make us start over? So frustrated and anxious.
When I was an Ombudsman Director we had a facility who took their residents to a Casino for an activity. One of the residents who was on Medicaid won $5000 and they were terrified that that would disqualify her for Medicaid! However, we let the family know to end down any assets over the $2000 by the end of the month and it would not affect her Medicaid status.
All the best!
I have mother's AL accounting do autodraft from her account for her share & the rest spend on her personal items.
Good point.