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Some states can seize estates to pay back Medicaid costs
Dec 26, 2013 15:25:18   #
oldroy Loc: Western Kansas (No longer in hiding)
 
If you are not over 55 you don't need to read any more of this. However, it would be a good idea for anyone from the 26 states that have gone along with Obamacare about getting their money for Medicaid back. It seems there is a provision in the Medicaid Law that allows states to take estates to pay back what they paid out for Medicaid.

Try reading the sources given in blue letters in this link so you can see what is happening in Washington State and the other 25. Also, read the one about recovery.

Remember Obama has talked about redistribution of wealth but he didn't say to government although it seems that is what he meant.

http://godfatherpolitics.com/13727/states-seize-estates-payback-cost-medicaid/

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Dec 26, 2013 16:23:21   #
RetNavyCWO Loc: VA suburb of DC
 
oldroy wrote:
If you are not over 55 you don't need to read any more of this. However, it would be a good idea for anyone from the 26 states that have gone along with Obamacare about getting their money for Medicaid back. It seems there is a provision in the Medicaid Law that allows states to take estates to pay back what they paid out for Medicaid.

Try reading the sources given in blue letters in this link so you can see what is happening in Washington State and the other 25. Also, read the one about recovery.

Remember Obama has talked about redistribution of wealth but he didn't say to government although it seems that is what he meant.

http://godfatherpolitics.com/13727/states-seize-estates-payback-cost-medicaid/
If you are not over 55 you don't need to read any ... (show quote)


Although that law has been on the Medicaid books for more than 20 years, until the last few years, very few states actually followed through and recovered what they paid out. That's been slowly changing over recent years as more states are following through.

Many wealthy people (with the help of the "Medicaid Estate Planning" legal industry) have been taking advantage of that lack of state follow-through for years by falsely impoverishing themselves to qualify for Medicaid to pay for their nursing home care. Billions of dollars have been spent to pay for what has amounted to "inheritances" for the heirs of the wealthy (who could afford to pay for their own care). Maybe now that more people are qualifying for Medicaid, more states will follow through with recoveries, and the wealthy may no longer be able to get away with it. More likely, though, is that those "Medicaid Planning" lawyers will figure out ways to circumvent the laws for the wealthy, and those who qualify under the new, higher Medicaid eligibility limits, will be the ones who get tagged. Those previously eligible for Medicaid under the old limits don't usually have much in the way of nonexempt assets to recover from, so they needn't worry.

Exempt assets from Medicaid recovery include cars (even $200,000 Rolls Royces!) and up to $500,000 of home equity (increasing to $750,000 next year, if I recall correctly).

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Dec 26, 2013 16:43:17   #
oldroy Loc: Western Kansas (No longer in hiding)
 
RetNavyCWO wrote:
Although that law has been on the Medicaid books for more than 20 years, until the last few years, very few states actually followed through and recovered what they paid out. That's been slowly changing over recent years as more states are following through.

Many wealthy people (with the help of the "Medicaid Estate Planning" legal industry) have been taking advantage of that lack of state follow-through for years by falsely impoverishing themselves to qualify for Medicaid to pay for their nursing home care. Billions of dollars have been spent to pay for what has amounted to "inheritances" for the heirs of the wealthy (who could afford to pay for their own care). Maybe now that more people are qualifying for Medicaid, more states will follow through with recoveries, and the wealthy may no longer be able to get away with it. More likely, though, is that those "Medicaid Planning" lawyers will figure out ways to circumvent the laws for the wealthy, and those who qualify under the new, higher Medicaid eligibility limits, will be the ones who get tagged. Those previously eligible for Medicaid under the old limits don't usually have much in the way of nonexempt assets to recover from, so they needn't worry.

Exempt assets from Medicaid recovery include cars (even $200,000 Rolls Royces!) and up to $500,000 of home equity (increasing to $750,000 next year, if I recall correctly).
Although that law has been on the Medicaid books f... (show quote)


Could the increase in numbers going on Medicaid have anything to do with that redistribution Obama mentioned several years ago? I ask this because it has become apparent that there will be many people more on Medicaid caused by ACA.

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Dec 26, 2013 17:05:36   #
RetNavyCWO Loc: VA suburb of DC
 
oldroy wrote:
Could the increase in numbers going on Medicaid have anything to do with that redistribution Obama mentioned several years ago? I ask this because it has become apparent that there will be many people more on Medicaid caused by ACA.


Yep (tho I disagree with your term "redistribution" - which, used your way, could apply to ANY government benefit). And a lot of people at the upper limit of the income threshhold might very well have nonexempt assets upon their deaths from which Medicaid might recover the cost of their care. Only $2,000 of cash is exempt.

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Dec 26, 2013 17:18:45   #
oldroy Loc: Western Kansas (No longer in hiding)
 
RetNavyCWO wrote:
Yep (tho I disagree with your term "redistribution" - which, used your way, could apply to ANY government benefit). And a lot of people at the upper limit of the income threshhold might very well have nonexempt assets upon their deaths from which Medicaid might recover the cost of their care. Only $2,000 of cash is exempt.


Which of the words, exempt or non-exempt do you favor when talking about government.

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Dec 27, 2013 16:11:57   #
RetNavyCWO Loc: VA suburb of DC
 
oldroy wrote:
Which of the words, exempt or non-exempt do you favor when talking about government.


Not sure what you are talking about, oldroy. "Exempt" used in this context means that Medicaid cannot take it after one's death. "Nonexempt" means they can.

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Dec 27, 2013 18:04:01   #
oldroy Loc: Western Kansas (No longer in hiding)
 
RetNavyCWO wrote:
Not sure what you are talking about, oldroy. "Exempt" used in this context means that Medicaid cannot take it after one's death. "Nonexempt" means they can.


Thanks. That was what I thought. Now the real problem for the Dems is will more of those who had no coverage be the ones who primarily sign up for Medicaid.

I wonder how many Dems understand that that Medicare for everybody they talk about when they want to talk about Single Payer will have to be paid for like Medicare is, with taxes. Maybe most of them think that they can do it all for free. I guess many of them think there really is a huge money tree in DC.

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