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To: Kenny
The Medicaid look back period is 5 years, so if you shelter your assets 5 years before applying to Medicaid, you can keep it.

OTOH, the VA pension money for nursing homes, which is about $2200/mo for the veteran or $1300 for the surviving spouse, has a zero year look back. You shelter prior to filing with the VA.

Either way, a man has to have a lot of trust in the trustee, which is usually a family member

But there are a lot of stories out there of very wealthy people who sheltered their assets and their bills are being paid by Medicaid.

7 posted on 03/22/2014 9:58:39 AM PDT by Ben Ficklin
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To: Ben Ficklin
But there are a lot of stories out there of very wealthy people who sheltered their assets and their bills are being paid by Medicaid.

So go get those people. I've never understood why the government is so inept that it can't punish the wrongdoers without applying the penalties across the board, no individual consideration. The way they're doing it now, someone with only their home to pass onto their children will have zero because they needed medical care. Furthermore, Obamacare is not exactly applying top tier medical care, no cancer hospitals, no new drugs, restricted tests and for that you give them your estate?

Yet if you've been mooching off the gov't all along and never accumulated any property through your own hard work then your medical care really is free.

8 posted on 03/22/2014 11:33:59 AM PDT by Kenny
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