Megan, my mother is bedbound, and pays about $3500 a week for nursing care, plus our usual expenses. I am her son and main caretaker. She will run out of money by around January 2015, whereas at that time the nursing company will help her transition into receiving Medicaid. I have a few questions: 1)She gets about $1500 a month thru her SS (hers and her husbands combined-she is a widow) and about $600 a month in a pension-what does Medicaid provide her to live on when the time comes-does it cover living expenses as well as nursing costs? 2) As her son, she transferred some stock to me in January 2010 before her health turned for the worse-will I be able to keep this under the five year rule? 3) she needs to spend some funds on home maintenance(cracking/painting ceiling, hole in wall, loose tiling etc-is it acceptable to use some funds for these needed repairs for the spenddown? PS We live in NY-also, I am her primary caretaker and have been for many years-the house is in my name and she has lifetime tenancy-is it same to assume I can keep the house?
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