From: ahk@chinet.com

Stephen Sprunk  wrote:
>On 27-Apr-15 16:34, John Levine wrote:

>>>>Funny how that doesn't prevent seniors from being on Medicaid to
>>>>pay for nursing home care.

>>>ITYM Medicare.

>>In this case, it's Medicaid.  The usual progression is that a sick
>>old person spends all of his or her assets on care and becomes
>>indigent, at which point Medicaid kicks in and will pay for the
>>nursing home. Around here it seems like the majority of people in
>>nursing homes (as opposed to fancy places like Kendall) are in that
>>position.

>Ah, okay; I thought they were mutually exclusive.  It seems like smart
>seniors would give all their money to their kids (or put it in a trust
>they control) and declare themselves indigent right away rather than
>blow all their money on nursing homes and then end up indigent anyway.

That's fraud, although with the right probate attorney, they structure
trusts and transfer assets in ways the state welfare departments may not
be able to object to.

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