[Kid Shelleen]

Medicaid is the major funding source for long-term care. If a person consumes his financial assets and his income is low enough, he qualifies for Medicaid coverage. Medicaid paid $60 billion for long term care in 2002. An increasing number of persons are transferring their assets in order to qualify for Medicaid. Their children receive their assets, and the taxpayers pay the bill for their care. Medicaid has become an inheritance protection plan.

www.pennsylvaniafiduciarylitigation.com

[randita]

Medicaid has become an inheritance protection plan.

There are "eldercare" lawyers who specialize in protecting inheritance money from being used for long term care. The ads say, "Don't let your hard earned assets be used up for nursing home care. Protect your assets so that your children can enjoy them", or something to that effect.

That galls me. Yeah, that's the spirit. Pass all your assets on to your children, then have unrelated taxpayers foot your bill for long term care. That's just wrong.

As a boomer with living parents, I am expecting nothing from my parents. If they need to use it for their comfort and care in old age, so be it. They've given me FAR more important things than money.