Medicare is Seizing Estates of anyone over 55.

Michael Armstrong's blog ^ | November 13, 2013 | Glen Downs

[Drago]

Medicaid estate recovery: http://aspe.hhs.gov/daltcp/reports/estaterec.htm

[Vince Ferrer]

Apparently Medicaid.

[JediJones]

Sounds good to me. I think anyone who receives welfare from the taxpayer should be required to pay back whatever they can, whenever they can. There’s no reason that shouldn’t include any assets you have when you die. And no one’s trying to keep this a secret. This is something you should know before you accept the welfare. If you don’t like it, don’t take the welfare.

My question is this. If you’re on Medicaid at 55 and you have a reverse mortgage, who gets your house when you die, the state or Fred Thompson?

[JediJones]

In California’s MediCal, which Is Medicaid, they are not allowed to have assets except a car.

Not under Obamacare's Medicaid expansion. Obamacare removes the asset test because they want to "increase participation" in Medicaid.

[JediJones]

The way this govn. medical care is going, I’m very glad I have that private insurance long term care policy.

But if you like your plan, can you keep it?

[Timber Rattler]

Yep, I’ve seen stories come through occasionally about the government seizing and selling homes of destitute old folks living in nursing homes at state expense.

[EVO X]

My question is this. If you’re on Medicaid at 55 and you have a reverse mortgage, who gets your house when you die, the state or Fred Thompson?

The age to qualify for a reverse mortgage is 62. I am guessing the reverse mortgage company would get what is coming to them and the state would get anything left over. Asset rules vary from state to state.

[KC_Lion]

Don't Worry Big Daddy all of Mitt's and Christie's flaws can be over looked, nothing gets in the way of the GOP now does it?

Gotta push that meme, don't be a SHeeper and follow the leftist attacks, of that is assuming you wouldn't rather be lead by the nose by the leftists.

[GeronL]

bump

[sheana]

OMG I did not know that, you are correct. Geez and thanks.

http://www.apha.org/APHA/CMS_Templates/GeneralArticle.aspx?NRMODE=Published&NRNODEGUID=%7bD5E1C04A-0438-4FD4-A423-CEFDA0D9878D%7d&NRORIGINALURL=%2fadvocacy%2fHealth%2bReform%2fACAbasics%2fmedicaid%2ehtm&NRCACHEHINT=NoModifyGuest#Medi4

[sheana]

I looked it up. You are correct.

[bigdaddy45]

uhhh..... ok

[Red in Blue PA]

And of course the government is warning people of this before they apply/s

[Mr. Lucky]

All states have what are called "spousal impoverishment" rules. Loss of the home isn't a risk so long as it remains the principal place of residence of the non-nursing home confined spouse, so a quit claim deed as between spouses wouldn't accomplish much.

A transfer to, say, children at least 5 years before the second spouse vacates the home might protect the property, but it exposes the home to creditors of the children.

The fact is that Medicaid is public welfare and the government has an obligation to recover costs from the beneficiaries of that welfare before sticking taxpayers generally with the tab.

[pgkdan]

Your title is about Medicare but the article is about Medicaid. Two different programs. Which one are you talking about?

[SgtHooper]

This is one of the solutions for those who did not plan ahead to dump assets before the 5-yr reachback.

[humblegunner]

Wow. You really need to call in a whole platoon of folks to beat up on someone you disagree with?

That's pretty weak, bro.

Tighten up, man. Handle it yourself.

[2ndDivisionVet]

Not “beat up” but rather “explain” to an ignorant individual. That can sometimes be a team effort. We all know you agree with him, and then some.

[humblegunner]

We all know you agree with him, and then some.

We who exactly?

And agree with "him" who exactly?

Tread carefully.

[2ndDivisionVet]

Or what? Get zotted?