The Dark Truth about Medicaid buried in the fine print
See 1st comment………….
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POSTING INFORMATION
The Dark Truth about Medicaid buried in the fine print
After you pass away, the government attempts to take your house. This is called ‘Medicaid Estate Recovery’
Under federal law, states are required to recover certain Medicaid costs after a beneficiary’s death through Estate Recovery
“Medicaid isn’t free and it’s not only funded by taxpayers. Once you apply for Medicaid, you’re essentially signing a lien onto your estate and the state will collect on this as soon as you pass away. And these costs are not cheap. If you’re on long-term care or nursing care, this can accumulate at $5,000 to $15,000 per month. Nobody talks about this because it’s buried in the fine print.”
After a Medicaid recipient dies, states may seek to recover costs paid for certain Medicaid services (e.g., long-term care, nursing home stays, home health services) from the recipient’s estate
“The state is relentless at going after assets”
Yup. Known this for years.
But … strangely, I’ve not seen ANY reporting on specific cases.
Just because they can, does this mean they do?