Over the past five years my father has given me $60,000 for taking care of him. He has late stage Parkinson's and has reached a point where he needs a live-in caregiver. I want to help him pay for this, so I have decided to give him his money back. My concern is what happens if dad runs out of money and has to apply for Medicaid assistance in order to get in to a nursing home. I am aware of the five year look back rule and how it relates to Medicaid eligibility. So how could I prove to Medicaid that I gave dad his money back? I don’t want to give back his $60,000 now and then later on be on the the hook for $60,000 more of my own money.
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