Elder Law Group Blog

Can a “Go Fund Me” Account Jeopardize My Medicaid Eligibility?

May 10, 2017 | News, Planning

Can a "Go Fund Me" Account Jeopardize My Medicaid Eligibility?

Go Fund Me is a crowdfunding site that allows individuals to create campaigns to raise money. Individuals raise money for various things, such as tuition, travel, business ventures, or even for health care costs. Proceeds from a Go Fund Me campaign may affect your Medicaid Eligibility.

Medicaid is a state and federally funded medical assistance program that pays for medical and long term care services. In Washington State, Medicaid is called Apple Health. To be eligible, you must have income and assets below specified standards. You can view the Washington Apple Health Income and Resource Standards here.

Funds from a Go Fund Me Account may push an otherwise eligible recipient’s income or assets above the eligibility threshold.

Are The Funds A Countable Resource?
If you set up a Go Fund Me or other crowdfunding campaign for yourself, and you have access to those funds, then it is likely that those funds will be considered a countable resource in determining Medicaid eligibility or continued eligibility.

Alternatively, if someone else sets up a campaign on your behalf, then you do not have direct access to the funds. In such cases, those funds may or may not be considered a countable resource when determining  Medicaid eligibility or continued eligibility.

An Alternative to Go Fund Me
A Go Fund Me account may jeopardize your Medicaid eligibility. Instead it may be advisable to set up a Supplemental Needs Trust. Assets held in this type of trust are not considered to be assets owned by the beneficiary of the trust, and therefore are not considered when determining Medicaid eligibility.

Elder Law Group PLLC can help you set up a Supplemental Needs Trust. We will help you utilize the best estate planning options for you and your loved ones in Spokane, the Tri-Cities, and the surrounding communities. Our firm offers legal services and guidance in the following areas:

We invite you to learn more about us here, and read what our clients have to say about us here.

Contact us or call (509) 468-0551 (Spokane office), or (509) 579-0206 (Tri-Cities office), for guidance on Asset Protection Estate Planning TM, Long-Term Care planning, or other legal needs of seniors, the disabled, or vulnerable adults and their families.

How do I select a Trustee?

If you are planning to set up a trust, one of the most important decisions that you will have to make is the person(s) you want to serve as your Trustee. Your Trustee will be responsible for managing the assets that you place in your trust and working with the trust’s...

Understanding Probate & Estate Administration

It’s no secret that losing a loved one is hard. At Elder Law Group PLLC, we understand that our clients are going through a difficult time. We provide personalized and compassionate legal representation as we help you to navigate through the estate administration...

An Elder Law Attorney Can Help You Choose Estate Executors and Administrators

When you are making a last will and testament, you must choose someone who will carry out the wishes that are expressed in that final document.  This person is called the executor of the will.  If an executor is not named in your will, or if the person named...
Elder Law Group Logo

Subscribe To Our Newsletter

Please subscribe to learn more about how Estate Planning can protect you, your family and your money.

You have Successfully Subscribed!