Posted on 07/31/2023 4:28:46 AM PDT by jacknhoo
“selfish families”
Is a family “selfish” to try to hang onto a house when almost every other family in like circumstances is doing so in fully lawful manners?
There are no premiums for Medicaid (Medicaid is not Medicare). Medicaid is a welfare program intended to fund healthcare for people with few or no resources.
My guess is that the man in this story did not actually qualify for Medicaid handouts because he had assets above the legal level, but for whatever reason didn’t report them on his application. Medicaid rules also prohibit transferring assets to family members or others as a way to slip under the asset limits, unless done multiple years in advance. The concept here is that if you have assets, you are expected to use them for your own needs instead of sponging on taxpayers. If the man had $300,000 in cash or investments, but rented his dwelling, should the public have paid his daughter to take care of him?
Many people don’t understand the rules, are too old and sick to deal with the paperwork, justify in their minds that they should get something for nothing, or are crooks who cheat deliberately.
I worked for Medical. California’s medicaid program. If you are on aid you can’t just transfer a house over to someone else. They expect you to spend down to a certain amount for qualification. If you are living in the house it is considered a home and not an asset. The minute you sell it, transfer it, etc. it becomes an asset.
No one pays into Medicaid Medicaid is an open, ended funded program from general revenues part for the United States government part from the states. There are no Medicaid taxes to speak of.
You’re confusing Medicaid with Medicare two totally different programs
Medicaid explained - ping
It is 8k per month for paying middle class people, I don't know how much Medicaid pays.
Answer: the same way a shot gang banger with no money gets world-class surgical intervention to save him. The government pays for it, and mandates that the place accepted what they pay.
ping
Obamacare changed that for states that decided to go with expanded Medicaid. For those states that went with expanded Medicaid, assets were off the table. Income was the determining factor. The same happened with VA health benefits. I lost track of how states recover Medicaid expenditures, but there are several states that don't...
The irony is that since she has never had to earn anything for herself she is bitching about the place, the people and the food. My other SIL says it is a pretty good place, people are very nice and food is fine.
Her parents supported her and her 4 husbands with free houses and cars all her life. After my MIL died she burned through her inheritance and then had to sell her (free) house. Moved onto her sister’s property and lived in her late mother’s house while burning through the proceeds from the sale of her house. She has burned through a fortune over the years and is now destitute except for SS based on husband #2 income (not sure, about $1,200 a month), and Medicaid.
Found out the other day that she had a ring from her mother that was last appraised at about $17k in the late 70s which she pawned a couple of years ago for......$500 (for booze probably). My wife said that ring should have been worth considerably more than the 1970s appraisal.
Un-farkin-believable
““Private long term care insurance”
My understanding is that it covers (& not necessarily 100%) 2 yrs”
My wife and I have long term care insurance. Our policies are different, mine is relatively cheap and I have had it for years, but it will only cover about 2 years of good nursing home care, hers is much more expensive but will cover maybe 4-5 years of care. Since I got mine years ago it was easy to qualify for mine, hers we add to jump thru all kinds of hoops to get it.
Supposedly there is a little known rule in many states (including Texas where I am) that what you pay from your own insurance is an exempted amount from any lien should you wind up on Medicaid, I think this is up to $300K exemption.
Policies are not cheap but give us some peace of mind, they will also pay (or at least help pay) for in home care and other things.
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