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He will need to spend that on their care for Medicaid will stop if the value of the IRA plus what they have in the bank is over 2,000. This needs to be reported to them as a mistake before they catch it themselves and think it was done on purpose.
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venice1971 Jan 2019
thank you for your suggestion.
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Has your elder already received Medicaid approval?
I would be concerned they would be denied.
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venice1971 Jan 2019
He is receiving the benefit of MediCaid now.
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Report it asap and figure out what you will do to spend it down, unless it is quite a substantial amount.

Medicaid will direct you in what you need to do.
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venice1971 Jan 2019
I see. I shall inform him to do it asap. Thanks.
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Thank you for your answer.
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