General Discussion

YarnAddict

(1,850 posts)

8. I think it's been this way for years

Sat Mar 1, 2014, 11:04 AM

Mar 2014

I worked for my county enrolling nursing home residents in Medicaid nearly 40 years ago. Back then, they had to "spend down" all their assets to $1500, which is what they could have for a burial fund.

It does make a lot of sense. Too often, people distribute their assets early, then expect the government to provide the entire cost of their care. In fact, a lot of law firms are specializing in "estate preservation." Very sleazy, IMHO.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

54 replies

= new reply since forum marked as read

Highlight:

Tell these 10 states: Don't let Medicaid take my house after I die [View all] ProSense Mar 2014 OP

k&r for exposure. n/t Laelth Mar 2014 #1

Wow-- there are lots of "blue states" in that group Art_from_Ark Mar 2014 #2

The practice is abhorrent, but ProSense Mar 2014 #3

Maybe that's the idea. Brigid Mar 2014 #7

"Yuppy Law" rules. nt adirondacker Mar 2014 #52

Wow. Thank you for posting this. theHandpuppet Mar 2014 #4

You're welcome. n/t ProSense Mar 2014 #6

But doesn't this happen already newfie11 Mar 2014 #5

An owned residence is an asset like cash and must be used before Medicaid pays, yes. Gormy Cuss Mar 2014 #9

I don't know why it would YarnAddict Mar 2014 #12

It's because people want to be able to leave something for their children. Gormy Cuss Mar 2014 #13

My personal philosophy is YarnAddict Mar 2014 #15

At least make sure there is enough to pay for the funeral nobodyspecial Mar 2014 #31

That is something normal people like us... awoke_in_2003 Mar 2014 #48

This has been happening since the 80s. It was in answer to the practice of some rich people who jwirr Mar 2014 #14

I think it's been this way for years YarnAddict Mar 2014 #8

The difference here is that they aren't asked to spend down their asset. Gormy Cuss Mar 2014 #10

Understood. YarnAddict Mar 2014 #11

Living at home is less expensive than living in a nursing home. Then they pay for Medicaid after jwirr Mar 2014 #16

Yup, and that's the way it works. YarnAddict Mar 2014 #19

Yes. jwirr Mar 2014 #20

This isn't about nursing home residents. Moosepoop Mar 2014 #17

180 days in a nursing home is paid by Medicare. After that by your social security or by jwirr Mar 2014 #21

I didn't mean to imply that it did. Moosepoop Mar 2014 #22

Yea. Only the wealthy should be able to establish any form of inheritance for their children. adirondacker Mar 2014 #53

I think this happens in Missouri also WhiteTara Mar 2014 #18

every nursing home you look at asks immediately if they have a house. bettyellen Mar 2014 #23

Kick! n/t ProSense Mar 2014 #24

I am not understanding the objection. I am "land poor," meaning that I have little enough Mar 2014 #25

one problem is it is just one age group singled out questionseverything Mar 2014 #27

OK, don't sign up for Medicaid. Then, hospital and docs will take your house before you die. Hoyt Mar 2014 #26

Why should the taxpayers pay for your medicaid bills and not get reimbursed after kelly1mm Mar 2014 #28

I just don't ProSense Mar 2014 #29

By taking the asset to repay the taxpayers for the medicaid expenses paid out kelly1mm Mar 2014 #30

OK, a ProSense Mar 2014 #32

Yes to answer your question yeoman6987 Mar 2014 #33

Really? ProSense Mar 2014 #35

You are going further into your question yeoman6987 Mar 2014 #37

"We are not talking poor people here they owned a home." ProSense Mar 2014 #40

Ok you win the argument yeoman6987 Mar 2014 #43

Well, ProSense Mar 2014 #44

Thank You!!! adirondacker Mar 2014 #54

Yes, I would. Chan790 Mar 2014 #38

What ProSense Mar 2014 #41

Why do they get millions exempted in estate taxes? Chan790 Mar 2014 #45

Huh? ProSense Mar 2014 #46

Read. Chan790 Mar 2014 #47

Yes, I read that, and ProSense Mar 2014 #49

Regardless of precedent, I don't have an issue with it. Chan790 Mar 2014 #50

Do you think ProSense Mar 2014 #51

Yes. It is not their house. It is the person who passed house. If they had 200k in the bank kelly1mm Mar 2014 #34

The piece ProSense Mar 2014 #39

No, I would do not envision a single payer system doing that at all. That is not how any of the kelly1mm Mar 2014 #42

Yes. n/t Chan790 Mar 2014 #36