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