My understanding was that estate recovery had been eliminated with Obamacare's introduction. On the other hand, I'm not willing to test that!jim234 wrote:In an effort to recoup costs in the old Medicaid any benefits received from age 55+ are subject to estate recovery upon death of the beneficiary. This provision of the law was not changed for the expanded group so they could become subject to the recovery provisions if the state they live in interprets the law to apply to them, which I think it does. Something to be aware of in case you want to leave something to your heirs. They are not giving "free" insurance, they are giving a loan that needs to be paid back on death.
Health Insurance and ERE
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George the original one
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Re: Health Insurance and ERE
Re: Health Insurance and ERE
Some states have decided not to go after the expanded group for recovery, but the recovery law has not changed.George the original one wrote:My understanding was that estate recovery had been eliminated with Obamacare's introduction. On the other hand, I'm not willing to test that!jim234 wrote:In an effort to recoup costs in the old Medicaid any benefits received from age 55+ are subject to estate recovery upon death of the beneficiary. This provision of the law was not changed for the expanded group so they could become subject to the recovery provisions if the state they live in interprets the law to apply to them, which I think it does. Something to be aware of in case you want to leave something to your heirs. They are not giving "free" insurance, they are giving a loan that needs to be paid back on death.
From NY's web site:
Will there be a lien (legal claim) placed on my estate (my assets) when I die?
If you receive medical services paid for by Medicaid on or after your 55th birthday, or when permanently residing in a medical institution, Medicaid may recover the amount of the cost of these services from the assets in your estate upon your death.