[vision-master]

Medicaid Estate Recovery Act

http://aspe.hhs.gov/daltcp/reports/estaterec.htm

Everyone in the USA needs to be aware of this law.

Your children could loose your Estate to the State after you pass on.

No, you don't need to end up as ward of the State in a nursing home.

This law is clearly targeting the poor.

Please protect your assets now, put your Estate into a Irrevocable Trust.

[SeaGypsy]

Man that is probably the most convoluted piece of crap legislation I have ever seen. The current recovery rates, considering the legal capacity of the States, are pathetic. It is fair warning under the current and ongoing fiasco of state finances that this legislation could result in a massive run of claims most folks would not even know are possible. Imagine that years after your oldie dies, the State can show up with a bill demanding the deed for your house in lieu of payment for said oldie's nursing home care. That's what this law says. You are right Vision, this is scary and everyone should know about it and make sure their bases are covered. Shocking.

[vision-master]

My niece is loosing a 20 acre estate due to this law. So much for the grand-kids education - gone.....

[dolanbaker]

That's not unique to the US, there is similar provision to claim on the estate of the deceased here in Ireland and also in the UK. To get round it, you really have to sell everything to your children years in advance, and just hope they're sensible with it!

[SeaGypsy]

Seems that if you die suddenly at home you are ok, but if you go inyo state care on short notice, you are up the creek in the barbed wire canoe.

[careinke]

Well this law was part of the Omnibus Budget Reconciliation Act (OBRA 93). Bill Clinton was in office, every Republican voted against it, and the deciding vote in the Senate was cast by none other than Al Gore. You reap what you sow.

[PrestonSturges]

Under Romney/Ryan these laws will become downright brutal.

Time for these slackers to get out of hospice and reenter the workforce.

[Plantagenet]

This kind of thing is built into these liberal social programs. Anyone who thinks these liberal social programs are "free" is dreaming.

The estate recovery process was built into Medicaid from the very start in 1965. The liberals set it up this way.

Same thing with the government subsidized student loans----its a liberal social program run amuck. The Obama administration is even taking away social security money from seniors to repay student loans if folks still owe money on a student loan, or if they co-signed on the loan with their child and now the child can't get a job and can't repay the student loan.

[PrestonSturges]

If the GOP wins, countries like Rwanda will be able to ridicule us.

[Plantagenet]

$this->bbcode_second_pass_quote('vision-master', '[')b]Medicaid Estate Recovery Act Everyone in the USA needs to be aware of this law. Your children could loose your Estate to the State after you pass on. No, you don't need to end up as ward of the State in a nursing home.

[Fishman]

"If the GOP wins, countries like Rwanda will be able to ridicule us."
Preston is clearly working for the Obama election folks.
No part of his comment is relevant to the conversation. Ridiculous hyperbole. Look over there, pay no attention to the Medicaid Recovery Act (or the Affordable Care Act, or the failed Obama stimulus, or the failed presidency), another liberal method to suck you wallet dry.

[vision-master]

$this->bbcode_second_pass_quote('SeaGypsy', 'S')eems that if you die suddenly at home you are ok, but if you go inyo state care on short notice, you are up the creek in the barbed wire canoe.

[vision-master]

She never used long-term care......... just the xtra help available through the County for low-income ppl. She lived on $1,200 Month.

[vision-master]

$this->bbcode_second_pass_quote('PrestonSturges', 'U')nder Romney/Ryan these laws will become downright brutal.

Time for these slackers to get out of hospice and reenter the workforce.

[vision-master]

$this->bbcode_second_pass_quote('Plantagenet', 'T')his kind of thing is built into these liberal social programs. Anyone who thinks these liberal social programs are "free" is dreaming. The estate recovery process was built into Medicaid from the very start in 1965. The liberals set it up this way.
Same thing with the government subsidized student loans----its a liberal social program run amuck. The Obama administration is even taking away social security money from seniors to repay student loans if folks still owe money on a student loan, or if they co-signed on the loan with their child and now the child can't get a job and can't repay the student loan.

[PrestonSturges]

$this->bbcode_second_pass_quote('Fishman', '&')quot;If the GOP wins, countries like Rwanda will be able to ridicule us."
Preston is clearly working for the Obama election folks.
No part of his comment is relevant to the conversation. Ridiculous hyperbole. Look over there, pay no attention to the Medicaid Recovery Act (or the Affordable Care Act, or the failed Obama stimulus, or the failed presidency), another liberal method to suck you wallet dry.

[vision-master]

$this->bbcode_second_pass_quote('PrestonSturges', '')$this->bbcode_second_pass_quote('Fishman', 'R')idiculous hyperbole. Look over there, pay no attention to the Medicaid Recovery Act (or the Affordable Care Act, or the failed Obama stimulus, or the failed presidency), another liberal method to suck you wallet dry.

[Plantagenet]

Yo vision:

It would be nice if healthcare was free, but it just isn't that way. Take Medicare for example.

You said at the beginning of this thread that your niece lost a 20 acre estate when those nice liberal folks who provide the "free" Medicare suddenly wanted to be paid back for all the free care.

Was there also a house on the 20 acres?

If its not too personal, just how much money did your family actually wind up losing when Medicare put a lien on the 20 acre estate to get paid back for all the"free" government healthcare???

[AdTheNad]

It's quite impressive in a way, how the neo cons have managed to reduce inheritance tax on the rich while increasing it on the poor.

[careinke]

$this->bbcode_second_pass_quote('AdTheNad', 'I')t's quite impressive in a way, how the neo cons have managed to reduce inheritance tax on the rich while increasing it on the poor.