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My father has COPD and is on home hospice. I’ve been paying his rent but learned that he has $60K in an IRA and $35K in personal account. He won’t qualify for Medicaid until he has $15K of assets. He could live 6 months or more nobody knows. What is best strategy in terms of his $? Have him pay rent to legally draw down funds? Can he pay me back for past rent or will Medicaid deny since it looks like an attempt to transfer assets? Appreciate any input!

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Why have you been paying his rent? Can you prove that through bank records to Medicaid authorities? His money will have to be paid towards his living expenses and health care until he qualifies for Medicaid but since he has that much he may not qualify for a while.
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Archman Dec 2019
I was paying his rent since dad only had SS and he was spending down his assets at roughly $10K per year. Probably not a good move. He’s staying in his apt for now so going forward I presume best strategy is to use his assets first. Thanks
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He can’t pay you back. You can prepay for funeral expenses and use the money to pay for his rent and any other expenses moving forward.
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Archman Dec 2019
Thanks I appreciate your input.
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No question but his rent and all expenses need to be coming out of his money. As far as what you have already laid out some of that may depend on how long you have been doing this, what state you live in and how well you can prove it. I would urge you to go sit down with an Elder Care/Estate attorney to make sure all the proper duck are in order (that you can put in order) so you don't miss anything else moving on too. They will know the intricacies of your (or Dad's) state as well as the logical options for you to consider. This should be paid for out of Dad's funds, Medicaid allows that expense, especially since it sounds like Dad has those funds.
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Archman Dec 2019
Got it. Good point appreciate your insight.
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If he is on hospice, why are you worried about Medicaid? Or do you mean Medicare who is paying for his hospice?

If Medicare, they have nothing to do with who pays the bills.
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