Did you know that under federal law, after a Medicaid recipient dies, the state is required to recover whatever benefits it paid for that person’s care from the recipient’s estate? The program that provides health care to millions of Americans isn’t free. The government expects to be repaid and will seize houses and other assets after those recipients die in order to satisfy the debt.
Learn how to prevent such a heartbreaking outcome by viewing On-Demand my free online Seminar.
Did you know that some states (including California) put liens on the homes of people who enroll with Medicaid to secure the state’s interest in their property down the road? Don’t believe it? Read the heartbreaking October 2019 article Medicaid’s Dark Secret in The Atlantic magazine.
You can also read the U.S. Department of Health and Human Services own website: “When home equity becomes part of the estate, it is subject to Medicaid estate recovery. The survivors may either sell the home and use the proceeds to satisfy the Medicaid claim or, if they wish to keep the home in the family, satisfy the claim with their own personal funds.”
Click on the Button to view On-Demand my FREE online Medicaid Planning Seminar, where you’ll learn how you can:
(1) plan ahead so you can quickly qualify for Medi-Cal should the need arise without having to wait till you go broke, and
(2) protect your home, your assets and your estate so that it will pass to your loved ones and not get taken by Medicaid after you’re gone.
- Is Knowledge Power? - January 12, 2021
- The Tale of the Two Buckets - January 8, 2021
- Is your existing estate plan obsolete? - October 21, 2020
