$this->bbcode_second_pass_quote('Pops', 'I') think is a shame is that kids don't feel the responsibility to take care of their parents but still complain the state is "taking" their inheritance when what actually happened was the state assumed their responsibility.
It's too bad they don't have money for college, but it's also too bad the grandparents had to rely on the state to take care of them.
As I understand it, they way the law is written, any Medicaid outlays for any reason are up for grabs in the state wants them. You could be taking care of your parents in your own home. But your parents still have those expensive cancer treatments they are getting through Medicaid. The state could demand all outlays for that treatment come from the estate.
PeakOil is You
Medicaid Estate Recovery Act..
Re: Medicaid Estate Recovery Act..
by kublikhan » Mon 27 Aug 2012, 09:04:47
$this->bbcode_second_pass_quote('', 'H')OW MUCH IS SUBJECT TO RECOVERY?
At a minimum, states must recover amounts spent by Medicaid for long-term care and related drug and hospital benefits, including Medicaid payments for Medicare cost sharing related to these services. However, they have the option of recovering the costs of all Medicaid services paid on the recipient’s behalf."
Also, it's not just a matter of responsibility. Today's world is different than yesterdays. There used to be a fulltime care giver in the home. Now increasingly homes have both spouses working. That full time care giver who could take care of elderly parents is not there anymore. Also, people are living longer and dying slower. Back in the old days, only 1 in 10 made it past 65. Now 80% of us do. That means more care is needed for these people.
$this->bbcode_second_pass_quote('', 'F')ACT: People are living longer and are dying much slower. In frontier North America, one out of every 10 people lived to age 65. Today, 80 percent of U.S. citizens will live past age 65. In 1990, 54,000 U.S. citizens were older than 100. That number doubled in 2000.1 As of late 2002, more than 12 million U.S. citizens were receiving some form of long-term care, of which 40 percent were working age adults. In Canada, it was estimated in 2001 that 3.92 million were 65 or older – two-thirds more than in 1981
So we have more people reaching old age and needing care at the same time that the traditional care giver has left that role and joined the workforce long ago. All of the responsibility in the world does not change this situation.
The oil barrel is half-full.
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kublikhan - Master Prognosticator
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Re: Medicaid Estate Recovery Act..
by vision-master » Mon 27 Aug 2012, 09:05:41
$this->bbcode_second_pass_quote('', 'O')TOH, inheritance is not something that anyone should expect, IMO.
Tell that to wealthy ppl who set up trusts that last for many generations.
- vision-master
