55 or older? New to Medicaid? Call your lawyer
 

I know it's been awhile since I've been here, but I feel I need to tell people about this.

Thanks to all the bull$hit that is 0bamacare, a lot more people are now qualified for Medicaid in many states.

If you are 55 or older, your estate will now be subject to the Medicaid Estate Recovery Act of 1993.

What this means is that if you are on Medicaid - as a lot will now be thanks to expanded enrollment - and you are 55 or older, your state now has a claim on your estate. You or your heirs are expected to repay your Medicaid benefits.

Each state's individual rules are different, but at the very least, Federal law requires each state to attempt Medicaid benefit repayment from your probated estate. This means if you're the sole owner of your home, or you have bank accounts in your name only, or you have personal possessions - stereos, anyone? and so on. In some states - like mine, luckily - the state canNOT take a home or bank account that's jointly owned with rights of survivorship. People living in other states, well, they're not so lucky.

Before 0bamacare, most Medicaid recipients didn't have any assets worth recovering. But with expanded Medicaid, now there will be plenty of people with assets worth grabbing by the states for repayment. In some states, the state can even put a repayment lien on your house if you want to sell it while you're still alive.

Here are some links to get you started.

http://www.thenewamerican.com/usnews...state-recovery

http://www.dummies.com/how-to/conten...ate-recov.html

Some people think that this only applies to those who end up in Medicaid-paid nursing home care. Nope. This applies to all persons on Medicaid starting at age 55. Every dime you get in benefits must be repaid.

If you are 55 or older and will be on Medicaid starting in January 2014, your very next phone call should be to your lawyer to help make sure your assets are protected as much as possible before you die.

"Your estate is what you own when you die — your home and what’s in it, other real estate you may own, your bank account, annuities and so on.

[Under estate recovery] even if you have a will, your heirs are chopped liver.

Low-income people often have only one major asset — the home in which they live and, in some cases, this has been the family home through several generations.

What this boils down to is this: if you are put into Medicaid — congratulations! — you just got a mandated collateral loan if you use Medicaid benefits."

Merry Christmas and Happy New Year from your federal and state governments.

TANSTAAFL unless you believe in the Tooth Fairy and even that's a limited resource...;)

First I've heard of this.

Chas

Here ya go, Chas. http://en.wikipedia.org/wiki/Omnibus...on_Act_of_1993

This is absolute horse shit. Is this to justify your signature?

He does seem to be implying that this is all President Obama's fault. This is twenty year old legislation. Maybe it's latent ODS.

Of course, these people can also be financially responsible and purchase insurance.

Regards,

D-Ray

In fact, I am told there is a hard fought government program newly in place designed to foster additional responsibility through an overall reduction in costs? :confused:

I'm still waiting for the Republicant's plan....Oh, that's right-it's eff off and die as it's been for a long time.:(
The same attitude that they seem to have about stagnant middle class income levels.

I have no problem with repaying and even letting my estate LOL go back to the goverment,every one I know on medicaid really doesn't have what could be considered a estate my family included.my wifes medical and prescription care comes to around 4 thousand dollars a month ,so I am perfectly happy to give up my Estate LOL for paymen.we have a zero copay on doctors and meds. my wife does anyway I am connected to the VA system which is not bad either as well as medicair.so I see nothing wrong with it and I am sure the others on medicaid see it the same as I do.

I can hardly remember 55 and have never been on medicaid, so snore. When this country eventually regains its senses and institute universal healthcare I might actuually wake up and applaud.

I am for Universal world domination too.

I'd sure like to know which "country" he wants back........pass around the Halcion as we all go back............

Imagine a town out west with Palin as sheriff and Bachman as the preacher and the Koch's own the town.

For many years here in California Medicaid, which is called Medi-Cal here, is administered by the county. I can say that in my county it has always been if you have $3,000.00 or more in assets you are not eligible for Medi-Cal, this applies to our food stamp program too. I would be surprised if it is much different anywhere else in this state. So, this 3 grand max gets a meh from me. An out of pocket emergency room visit could cost you that.


Carl

55 or older? New to Medicaid? Call your lawyer
 

Carl, my uninsured son went to emergency room a couple weeks ago. Received IV meds and had a sonogram. So far....$2,000. Still more bills to come.

Yep...and never a peep outta the OP, I suspect.

Barbara I do believe your son has seen what happens when hospitals use Chargemaster, it is obscene pricing.

I cannot understand why Universal health care has never been considered or if it has why no honest media coverage .

Too many fingers and pies on both sides of the aisle.

Pete

Say it ain't so, Joe!!!

Chas

http://2.bp.blogspot.com/-kc6wq7GnWl...iden-vp-md.jpg

'Um, it ain't so?' (off camera whisper - 'did I get that one right?')

Pete

So who pays for them then?

If someone has assets to use for their care should not then they take the responsibility and do so? Or let the tax payers pickup the tab and any assets, insurance go to heirs? Just how is that right I ask you.


Barney

Lady and Gentlemen, notice this thread is a hit & run.

Ovenmaster; PUSSY!

Dave

when is this new world order shit posed to happen ,I want some free healthcare free food and free lovin'I would kill for some hotwings and some vernors ginger ale right about now.

Ovenmaster is shocked, shocked to learn that welfare is not always a free lunch.

Did you scroll down to look at the friends of list on his first extremist link?



Affiliates and Friends

The John Birch Society
Liberty News Network
Freedom Project
American Opinion Foundation
Character First



:eek:


Carl

It's nothing new. When my mother was diagnosed with Alzheimers my Dads private insurance, Aetna IIRC, got her off the policy with blinding speed.

(I suppose that is just peachy with people who feel it's fine-n-dandy to get bent over and screwed by private interests.:rolleyes:)

So, my older brothers were told the only way to proceed was to either self pay which is prohibitively expensive (We are not the Walton family.), or see that all of her assets disappear and sign her up for Medicaid.

Guess what we did?

And before you get started; Eat me. We're not going bankrupt because it satisfies anyone's twisted and goofy conservative values.:rolleyes:

Dave

I hope he is doing better now Barbara.


Carl

Looks like a good list of the worlds tightest sphincters.

Dave

Bluestreak, I work in social services and, while I'm not a social worker, it is common knowledge in my office that people in similar situations as you described are counseled to give their assets to a trusted person so that they qualify for assistance. I remember during the botched Medicare reform roll out, married couples were advised to get legally divorced to be able to afford medical care.

I'm thinking that the government would consider hiding assets with a trusted friend to qualify for assistance to be fraud. Didn't Carol Mosley Braun get in all sorts of trouble for something like that? Divorce though? If you're divorced you're divorced, and that's your legal status. I don't think the government can call that fraud.

Iirc Medicaid can reach back 5 years now and overturn your major transactions like your house.

Pete

Hmmm.. seems to me the republican line would be "if you have a house, money or property to offer you shouldn't even be on public assistance such as medicade" ...eh?

How would they do that? Say you sold your house, what about the folks who bought the house?

I really don't remember. My former boss years ago told me a bunch back when his mom had to go on it.

Pete