German and Austrian Reparations
Although the recipients of German or Austrian reparations are dwindling down, there are still some survivors who are receiving such payments and are not aware that the monthly payments are exempt when applying for Medicaid medial assistance.
As a matter of fact, when applying for Medicaid nursing home care all of the reparation payments they had received throughout the years from when it began to present can be saved.
Example:
Recipient received reparation payments totaling the sum of $800,000 in their lifetime. Today, they have $500,000, but in need of nursing home care. Although many unaware individuals may try to convince say that the applicant needs to spenddown their resources it’s untrue. This individual can save all of the $500,000; additionally, all future monthly reparation payments can be either saved or transferred.
For more information regarding this issue, feel free to contact us and arrange for your FREE consultation.