How To Keep Nursing Homes From Taking Your Home. Can a nursing home prevent family visits because of coronavirus? This is not just a horror story making the rounds.
Signing over the deed of your home to your children or others who would inherit it in your will. Let them know the money is theirs. In reality, it is medicaid that would look to your assets to pay for any nursing home care you need before allowing you to use medicaid’s benefits as payment.
With the coronavirus pandemic hitting nursing homes and assisted living facilities especially hard, families are wondering whether they should bring their parents or other loved ones home.it is a tough decision with no easy answers.
Compare this with a revocable (or living) trust, which offers no asset protection for medicaid purposes, because the government considers the assets in a revocable trust to still be your property. Then tell the ftc at www.reportfraud.ftc.gov. This is not just a horror story making the rounds. Pay with private insurance or medicare.