Skip to comments.Obamacare may cost you your home!
Posted on 03/05/2013 11:49:38 AM PST by AuntB
If you are an illegal alien, criminal or other various leeches on our society, this won't concern you. Your health care will be paid for by US CITIZENS and you will never have to pay it back!
This concerns the typical US citizen who has worked for decades, followed the rules, sacrificed to pay off his house, or most of it. Buried deep in Obamacare (remember Nancy Pelosi told us we had to pass it to find out what was in it!) is a provision taken from the Budget reconciliation act of 1993, signed into law by Bill Clinton. Often states have not bothered to enforce this provision, it was left to their discretion. But no more! Under Obamacare, the IRS will be in charge of enforcement, and they WILL collect! FROM YOU!
Yesterday, Rush Limbaugh had a caller who stated that under obamacare anyone receiving medicaid would have their home attached for the cost of coverage & benefits.
TRUE! I was very ill in the 90's, could not work and checked into medicaid..YES, they can LIEN your home for the cost of coverage...that was Oregon. I refused to apply with this rule and sold my home to get medical care, since I knew I could handle my assets better than the government. I also checked out California...same thing. Either way, I lost my home, didn't I? And so will you.
The difference now, is that the IRS will be charged with compliance and YOU WILL lose the equity in your home if you get 'government health care'!
I was curious... I knew Clinton signed the act...Interesting WHO threw all us homeowners under the bus....from Wikipedia...
"Ultimately every Republican in Congress voted against the bill, as did a number of Democrats. Vice President Al Gore broke a tie in the Senate on both the Senate bill and the conference report. The House bill passed 219-213 on Thursday, May 27, 1993. The House passed the conference report on Thursday, August 5, 1993, by a vote of 218 to 216 (217 Democrats and 1 independent (Sanders (I-VT)) voting in favor; 41 Democrats and 175 Republicans voting against)"
That's right...ALL DEMOCRATS and socialist Bernie Sanders! The party of criminals, illegal aliens and the 'gimmeee crowd'. They care NOTHING about those of us who worked hard and played by the rules.
Read it from the government web site: ALL HERE http://aspe.hhs.gov/daltcp/reports/estaterec.htm
[snips] Medicaid Estate Recovery WHOSE ESTATES ARE SUBJECT TO RECOVERY?
Such property includes assets that pass directly to a survivor, heir or assignee through joint tenancy, rights of survivorship, life estates, living trusts, annuity remainder payments, or life insurance payouts.
The home is considered to be part of the recoverable estate unless it is protected for the spouse or certain other close relatives, or is conveyed outside of the States definition of estate (e.g., through a life estate). HOW MUCH IS SUBJECT TO RECOVERY? At a minimum, states must recover amounts spent by Medicaid for long-term care and related drug and hospital benefits, including Medicaid payments for Medicare cost sharing related to these services. However, they have the option of recovering the costs of all Medicaid services paid on the recipients behalf. The majority of states recover spending for more than the minimum of long-term care and related expenses.19 Recoveries may not exceed the total amount spent by Medicaid on the individuals behalf at or after age 55.21 Surviving family members or heirs of Medicaid recipients must not be asked to use their own funds to repay Medicaid, except, possibly, in the case of an estate that includes the deceased recipients home. When home equity becomes part of the estate, it is subject to Medicaid estate recovery. The survivors may either sell the home and use the proceeds to satisfy the Medicaid claim or, if they wish to keep the home in the family, satisfy the claim with their own personal funds.[snip]
(That's right, kiddies...don't expect to get a dime out of your parents home if they need medicaid/obamacare! )
People have no idea how bad “insurance policies” are. Some years ago I was in a bad accident and spent three months in the hospital. After I got home I received a hospital bill for $287,000 ($402,000 in 2012 dollars). They wanted every dime back because it had been injury from an accident caused by someone else.
I thought my insurance was pretty good, until this year. Suddenly they cannot tell me what my coverage is. They say the book they sent is the wrong one. They tell me something different every time I call. It’s stunning.
I don’t have a problem with this. If you have assets and get welfare coverage, the state should be paid back out of your assets.
Okay, I understand your point. Can you imagine trusting the government to decide what the coverage cost? Really? I would agree with you if everyone else had to pay it back, but the bums who never did anything for themselves, including paying off a home won’t have to do it, will they?
Ask a bank Robber “Why rob banks ?”
The Answer is, “Because that is where the money is.”
So why does the govt. want your assets including your house ? Answer, same reason as above.
I wonder if I will be able to arrange for treatment outside of O-care if they refuse because of ??whatever?? I don’t think Docs are allowed to take on private pay patients outside of O-care. Am I wrong?
“but the bums who never did anything for themselves”
Bums don’t usually have any assets. Medicaid rules exclude the house you live in and one car from countable assets. IRA’s are also excluded except for distributions, providing that you are taking at least the minimum distribution.
So you work all your life honestly and finally own your house! And others waltz in and get everything free?
This is not the country I grew up in.
A person is better off paying routine visits out of pocket. Anything major, I would just go out of the country as a medical tourist.
“Medicaid rules exclude the house you live in and one car from countable assets. “
Did you read the rules on this? They can and will attach your house, IF you have equity.
Apparently, the pain needs to be much worse for the people to stand up.
I have always said the right of property ownership is an illusion. Stop paying your taxes on a paid off piece of property and see how long you keep it.
I live and work in San Diego. My employer offers Kaiser and SIMNSA. SIMNSA is medical insurance for doctors and hospitals in Mexico. It is much cheaper. In Mexico there is no problem with malpractice lawsuits or unpaid debts (if you cannot pay you die in the street). I was thinking about SIMNSA as a back up plan in case the American insurance becomes unaffordable. I found out that now you must be a Mexican citizen to get SIMNSA. I heard that new requirement is the work of the 0bama
administration. Has anybody else heard of efforts by the 0bama regime to prevent medical tourism?
This is talking about Medicaid, not Obamacare, not Medicare, but Medicaid which is “free” to those who don’t meet income criteria.
If you have a policy under Obamacare, you’ll be paying for it, but if you have a Medicaid policy you won’t.
Rules in our state right now is a spouse can keep a house and car, even though the medicaid patients name might be on the title, and around $90,000 in assets (the Medicaid patient can only keep $2000 which means assets have to be moved to the “well” spouses accounts) and still file for Medicaid for their spouses care in a Nursing Home (most patients that are long term nursing home patients are collecting Medicaid.)
There has been talk for years about recouping the money Medicaid paid, and I’m sure it’s in there, just hasn’t been done until now.
“Did you read the rules on this? They can and will attach your house, IF you have equity.”
I was talking about the assets you were allowed to become eligible for medicaid. They could always take your house after you and your spouse died or you and your spouse no longer lived in it, to repay medicaid. This happens usually when a person gos into a nursing home. That’s the way it has always been.