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02:41 PM
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Subject
Medicaid -- Repaying them after your death
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Kamchatka:MV8zOTMzNzY0XzcxMDE1Njg5X0EyMEJDMDkz] [quote:3643297:MV8zOTMzNzY0XzcxMDE1MzAwXzE1QzUzMEQ0] I think you have to use up most of your estate and wealth before you can qualify for Medicaid to start paying. So there would be no need and no way to pay it back. [/quote] That's certainly the way it was when my mom passed in 2011. She was down to her last couple of thousand and Medicaid was just about to kick in. Her home was never in her name, as part of a pre-arrangement with the family member who owned the property she built on and thank GOD she pre-paid for her funeral. After selling off all her belongings, there was enough left for her surviving children (who were all 55+ at the time) to go out for a nice dinner. And we did. [/quote]
Original Message
If medicaid pays for say a nursing home isn't there a way that they collect from your estate once you die?
Your kids get to keep so much of the estate and then the rest of the money has to be repaid to the government for their past payments.
It does seem fair to me.
Anyone with some insight on this?
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