My son will come into a small sum of money. If he applies for Medicaid will they take this away from him?

Medicaid for health insurance or Medicaid for his care in a nursing home? Depending on the amount of money, you may want to consider a special needs trust. Medicaid has to be informed of it but can't use it in calculating income. If talking about a nursing home, in NJ you r only allowed $2000 in your banking account. So, the money will need to be spent down. He can use the money for private pay and file for Medicaid but it has to be 2000 or below when Medicaid takes over. In NJ, once you r Old for Medicaid you have 60days in which to spend down and find a nursing home. Paying privately for two months took most of Moms money.