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To: who_would_fardels_bear

In a way, you are talking about Medicaid. Medicaid can and does go after your assets after you’re gone, as many a bewildered widow or widower has found.


12 posted on 02/08/2010 5:19:20 PM PST by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: HiTech RedNeck
"Medicaid can and does go after your assets after you’re gone"

Medicaid shares one point of this proposed seven point plan.

Medicaid is as much like this proposed plan as a banana is like a yellow corvette.

14 posted on 02/08/2010 5:22:56 PM PST by who_would_fardels_bear (These fragments I have shored against my ruins)
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To: HiTech RedNeck
Many people wotk their entire lives, pay off the house and think, at least I'll give my house to my kids. We advise people with that kind of thinking all the time.

If they go into medicaid there is a 5-year look back on assets. When they die, the government will send a bill to the estate providing 9 months to pay it. For most families they have to sell the house. Average medicaid bill for life $400,000. Going to $1.2 million in 10 years.

18 posted on 02/08/2010 5:25:44 PM PST by votemout
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