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In reply to the discussion: You better understand that Medicaid may take all of your inheritance [View all]Justice
(7,185 posts)24. No, it is that Medicaid won't be available after you've spent $$ you thought would be inheritance
Rule has been that you have to spend down your assets before qualify for Medicaid. You have to cash in life insurance policies you own, you have to pay the nursing home and otherwise buy things for yourself. Once you do that, Medicaid will pay for nursing home, plus your social security and pension go to nursing home.
Under new proposed rules, once you spend every dime of your loved one's one on the nursing home, they will discharge your parent or loved one to you -- they will not keep them b/c there will be no medicaid. They will get their social security and pension, and be in your home under your care until they die. That is what Price and GOP want.
Not to mention that nursing homes will close b/c lose patients. Only ones that will survive are private pay facilities.
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You better understand that Medicaid may take all of your inheritance [View all]
egbertowillies
May 2017
OP
Secondary insurance in Medicare doesn't help you with nursing home bills paid by Medicaid.
pnwmom
May 2017
#43
I think any transfer of property has to be three years before death or it is included in...
northoftheborder
May 2017
#15
The look back is 5 years from the start of Medicaid eligibility in most states.
politicat
May 2017
#57
If he can show he took care of his Medicaid parents, he can probably retain the house. See:
WinkyDink
May 2017
#14
NJ exempts real estate that is the domicile of the person on Medicaid from reimbursement to spouses
Jersey Devil
May 2017
#29
Um...how would Medicaid be offered to one who could leave an inheritance? And if you mean house,
WinkyDink
May 2017
#12
You can get Medicaid based upon the severity of your illness and your lack of income
McCamy Taylor
May 2017
#16
"Under Medicaid law, following the death of the Medicaid recipient a state must attempt to recover
WinkyDink
May 2017
#18
Right -- that's the much bigger, scarier issue. And it's only some states now, but there's nothing
pnwmom
May 2017
#46
No, it is that Medicaid won't be available after you've spent $$ you thought would be inheritance
Justice
May 2017
#24
THIS is OP worthy- not the old rules we'd be lucky to keep. The 1/3 cut in Medicade
bettyellen
May 2017
#26
I don't have an issue with the required spend-downs, either. But there's a much worse possibility.
pnwmom
May 2017
#48
In most cases, don't really have a problem with that. Rather we have coverage that makes it moot. nt
Hoyt
May 2017
#34
Actually there are filial support obligations that children have in most states
lostnfound
May 2017
#63
Medicaid has always taken everything a person has when you go into a nursing home...which
Demsrule86
May 2017
#39