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awoke_in_2003

(34,582 posts)

48. That is something normal people like us...

Sat Mar 1, 2014, 11:27 PM

Mar 2014

tell each other to make ourselves feel better. If you are a millionaire it is easy to leave money to your kids. But if you are a common man, and rack up big medical bills before you die, who pays them? At least if the family gets the home they can sell it to pay the bills off. This is just another way to screw the 95%.

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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