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?
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.