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carrie630

Curious about something...

carrie630
13 years ago

If a parent gives a child a check - for like say... $l0,000.00 and a few months later - or even a year later - the parent is very ill and needs hospitalization, or cancer treatment - or something that would cost a lot...

If the bills exceed the amount that the insurance has to pay - can someone demand that money back - that was given as a gift?

I've always wondered how that works as my parents are elderly and have sent checks to the children/grandchildren for generous amounts.

I know people are penalized if they have given money and then apply for Medicaid - but how does health insurance costs work if money runs out (from gift giving)?

Thanks

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