States to seize estates to payback
cost of Medicaid
Godfather Politics – Dave Jolly
– 12/26/2013
It’s possible that if Sofia
Prins of Port Townsend, Washington had not read the fine print for her
fiancé’s, Gary Balhorn, Medicaid application. What she read shocked her as it
said that if you’re 55 or older and receive Medicaid, the state can require
your estate to pay back coverage after you die. Prins realized that in
the truest sense, Medicaid is not
free insurance, rather it is a loan against a person’s estate.
The Seattle
Times picked up their story and word started to spread. In states like Washington,
the lower Medicaid standards are allowing more Americans to qualify for Medicaid.
If they do, they are then not eligible for any of the federal subsidy for the
purchase of healthcare.
So if you are 55 to 64 and
receiving Medicaid, you had best warn your heirs that the state you live in may
be coming for all or part of your estate to recover the cost of your free
healthcare. If they want to know why this is being enforced more now than
in the past, remind them that Obama has always been about redistributing the
wealth. By that I meant he wants redistribute it from us to the government.
Therefore, you’re better off spending it all or giving to your family while you
are still alive so there is no estate for them to seize.
Northwoods Patriots - Standing up for Faith, Family, Country
Posts
No comments:
Post a Comment