No, previous gifts are not considered income. Medicaid rules require that nursing home residents contribute their income towards their cost of care, but his income is only income that the resident is legally entitled to receive. To insure that your generosity is not construed as income, make payments for extras you wish to provide to your parents rather than giving them money directly.
We work with individuals and families to develop estate plans. Each individual’s needs are unique and this article only provides an overview of one aspect of Medicaid planning. For more detailed information and to discuss your specific case, call us today at (678)781-9230 or email us at email@example.com to schedule an appointment.