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Medicare is Seizing Estates of anyone over 55.
Michael Armstrong's blog ^ | November 13, 2013 | Glen Downs

Posted on 11/13/2013 3:31:42 PM PST by Vince Ferrer

“So here’s the deal: since 1993 there has been a federal law requiring states to recover at least some of the costs of Medicaid-covered medical care for anyone 55 years old and up, from the estates of those covered. States enforce this law, with their own laws and policies added in, differently in every state. But the general principle is there. Up until now the usual consequence has been things like this: Medicaid puts a lien on the house of someone in a nursing facility who has run out of money, and after they die, the heirs find they have to buy the house back from the state if they want it.

We haven’t had lots of people younger than 65 on Medicaid, because in most states simply earning less than the Federal Poverty Level did not qualify one for Medicaid.

And we haven’t had many people with lots of assets on Medicaid, because in most places you have to have less than around $2400 to your name before Medicaid will cover you. You can keep your house and your car, but Medicaid reserves the right to put liens on them and take them when you die.

But now we have the Affordable Care Act, and its expectation that everyone in the lower tier of income will end up in the Medicaid system. To accomplish this, they have dropped the asset test. So now we will have lots of people ages 55-64, who have assets but not a lot of income right now, for whatever reason, on Medicaid.

The kicker of it is, if you make the right amount to qualify for a subsidized health insurance plan, your costs are going to be shared and subsidized by the government. But if you go on Medicaid, you owe the entire amount that Medicaid spends on you from the day you turn 55.”


TOPICS:
KEYWORDS: abortion; aca; deathpanels; medicaid; medicare; obamacare; seniors; zerocare
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To: beebuster2000

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


101 posted on 11/13/2013 10:25:04 PM PST by Drago
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To: Olog-hai

Apparently Medicaid.


102 posted on 11/13/2013 10:47:34 PM PST by Vince Ferrer
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To: Vince Ferrer

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?


103 posted on 11/13/2013 10:51:28 PM PST by JediJones (The #1 Must-see Filibuster of the Year: TEXAS TED AND THE CONSERVATIVE CRUZ-ADE)
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To: sheana
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.

104 posted on 11/13/2013 10:54:31 PM PST by JediJones (The #1 Must-see Filibuster of the Year: TEXAS TED AND THE CONSERVATIVE CRUZ-ADE)
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To: Marcella
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?

105 posted on 11/13/2013 11:09:37 PM PST by JediJones (The #1 Must-see Filibuster of the Year: TEXAS TED AND THE CONSERVATIVE CRUZ-ADE)
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To: Vince Ferrer

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.


106 posted on 11/14/2013 2:24:44 AM PST by Timber Rattler (Just say NO! to RINOS and the GOP-E)
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To: JediJones
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.

107 posted on 11/14/2013 3:17:53 AM PST by EVO X
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To: bigdaddy45; Windflier; 2ndDivisionVet; Lakeshark; MeganC
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.

108 posted on 11/14/2013 4:43:27 AM PST by KC_Lion (Build the America you want to live in at your address, and keep looking up.-Sarah Palin)
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To: KC_Lion

bump


109 posted on 11/14/2013 4:45:24 AM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: JediJones

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


110 posted on 11/14/2013 5:18:38 AM PST by sheana
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To: steve86

I looked it up. You are correct.


111 posted on 11/14/2013 5:19:13 AM PST by sheana
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To: KC_Lion

uhhh..... ok


112 posted on 11/14/2013 5:31:58 AM PST by bigdaddy45
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To: RinaseaofDs

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


113 posted on 11/14/2013 5:43:15 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: kiltie65
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.

114 posted on 11/14/2013 6:19:05 AM PST by Mr. Lucky
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To: Vince Ferrer

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


115 posted on 11/14/2013 6:34:14 AM PST by pgkdan
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To: TigersEye

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


116 posted on 11/14/2013 10:14:57 AM PST by SgtHooper (If at first you don't succeed, skydiving is not for you.)
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To: 2ndDivisionVet
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.

117 posted on 11/14/2013 3:38:45 PM PST by humblegunner
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To: humblegunner; ClaytonP

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.


118 posted on 11/14/2013 3:41:52 PM PST by 2ndDivisionVet ("Many on the left see faith & family as oppressive, the right sees them as indispensable." Palin)
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To: 2ndDivisionVet
We all know you agree with him, and then some.

We who exactly?

And agree with "him" who exactly?

Tread carefully.

119 posted on 11/14/2013 3:56:33 PM PST by humblegunner
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To: humblegunner

Or what? Get zotted?


120 posted on 11/14/2013 4:00:08 PM PST by 2ndDivisionVet ("Many on the left see faith & family as oppressive, the right sees them as indispensable." Palin)
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