InstantForum.NET v4.1.4ElderLawAnswers.com Discussion Forumshttp://www.elderlawanswers.com./Forum/Support@ElderLawAnswers.comTue, 06 Jan 2009 03:27:24 GMT20http://www.elderlawanswers.com./Forum/Topic231-49-1.aspxDear friend in nursing home medicare benefits ran out on November 20, 2008. Husband and wife have 245,000.00 in cash assets. Wife was told by nursing home that husband is private pay as of November 20, 2008 and if she applies for Medicaid she can keep 104,000.00 plus 2,000.00 for husband plus 1500 burial account. The remaing amount would need to be spent on his privatge care since November 20, 2008. An in-law who works in a nursing home said not true wife can now buy an special kind of annuity now for 137,500.00 and have husband qualify for benefits as of November 20, 2008 with havig to pay the private pay rate since november 20, 2008. Is this true??Tue, 09 Dec 2008 17:20:29 GMTPJkirby