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About Medicaid
I wanted to know something, my dad got Medicaid
he is over 65yrs old and got disability, we his sons
planning to give him some money and put his name
in a small business, right now he doesnt have any
job or source of income, if we made the business
and put his name with us as an employee or
something because he got depression from his
situation that he is disable with no work at that point
will Medicaid deny his renewal application?Or will it
continue normally? He is a permanent residence,
heart patient too. He is in Florida
Asked on March 11, 2018 under Insurance Law, Florida
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
If you are going to give your Father money it needs to be placed in a Special Needs Trust so that he does not lose his benefits. If you want to make him an employee I believe as a houssehold of 1 he can not make more than $15,800 in Florida, but check with the attorney drawing up the Trust. Owning the buisness is not a good idea. ut setting up the Trust and giving him a job for the amount listed (maybe "part time"?) sounds like a plan. You are good sons.
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