Follow
Share
This question has been closed for answers. Ask a New Question.
Find Care & Housing
The fair market value of the car. If $9,000.00 then you are penalized $9,000.00 and Medicaid will not become effective until the penalty is paid ie you paying for $9,000.00 out of pocket. Check with Medicaid. They will look at your financial records for the past five years, any gifts will become additional penalty.
Helpful Answer (0)
Report

What is the penalty? % of $9,000 value = 1 month nursing home cost?
Helpful Answer (0)
Report

Yes if this question is related to Medicaid. Solution? Have son give you the car back then just allow him to use it.
Helpful Answer (4)
Report

This question has been closed for answers. Ask a New Question.
Ask a Question
Subscribe to
Our Newsletter