By skyforbes Context, we live in southern California and my parents (66yo) have recently began enrolling in senior benefits (very low income). They are not fluent in English and have frequently misunderstood more nuanced jargon. Normally my dad is pretty smart at navigating this stuff anyway, but this time it sounds particularly confusing.
They've gotten Medicare, and they are now looking into Medicaid because Medicare is not enough to cover the expenses. To be eligible, one of the key things I'm having a problem with is that my dad's bank account limit (with my mom) is $3000. I have never heard of a bank account limit that low, so I looked it up and saw that it is indeed true, but not for California (which seems to have a $130k asset limit? I think). However, because healthcare is so expensive, my dad is planning to move out of California and, thus, needs to account for other states' significantly lower limit. I'm dragged into this because in order to remain under that lower limit, my dad is having me pay for things and pull cash out for my dad for things like rent, utilities, bills, etc. that I contribute to, i.e. I cannot direct deposit/wire transfer my rent payment to my parents because it would likely go over the $3000 bank account limit especially once my dad begins to receive SSI.
Am I or my dad missing something in our situation? While I can… mildly deal the circumstances of withdrawing cash while I live and pay for things with my parents, I feel like this is just so complicated and maybe we're misunderstanding something.