I'm so confused what will happen if they use income from long term disability and lower their SSI. My monthly utilities are $300 and they also recvd SNAP benefits for them only and only used for their food. My mother has cancer and other health issues which require special food. Can this affect their SSI payments? Thanks a lot for any answer that will help me understand this and provide some clear information to remove some stress. My mom is currently on chemo treatment and am the only one caring for them. They do not have any assets or other money except their SSI income. They have Medicare and Medicaid and also long term care. The $700 they pay is $600 rent for their own room and $100 for utilities. Thanks.
We are only a Forum of caregivers.
A care contract done by an attorney will
1. Avoid taxes. Payment of rental involves income to you. That must be claimed as income. "Shared Living Expenses" doesn't involve income and isn't taxable. These things are important for you to KNOW and for your to have written in a care contract.
2. A care contact prevents accusations of "gifting" to children, which would prevent your loved one applying for Medicaid in the next 5 years without penalties. But paying by care contract prevents these problems.
See an attorney. I understand there is financial payment, but having Advance Directives, POA, and care contracts well written will prevent a world of woes, and this is what they are paid for.
Best of luck.
Can you please clarify what you mean by "long term care"? As in a LTC insurance policy? If so, this is more complicated in regards to how it works together with their Medicaid.
If not a LTC policy then I don't know what you are referring to, so please provide more information.
Also, how the social aid works can depend a lot on your state and county, so it might help to post where they live (state and county only).