Blogs> Peace of Mind> What Do We Do With the Stimulus Check for a Parent on Medicaid?
For most of us, the prospect of $600 (or perhaps even $2,000) appearing in our bank account is a welcome gift. However, if our loved one is on Medicaid it can fill us with concern. How can this money be used? Will it result in our parent losing benefits? Should I just give the money to the nursing home? With the first stimulus, there were some open questions regarding how this money can be used but we have a much clearer picture this time around. First, facilities have no right to this money. It is not considered income for public benefit purposes and will not be treated as a resource if it is spent within one year of receipt. So here are five ideas for how to use the stimulus check received by your loved one on Medicaid.
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