Medicaid Estate Recovery

MEDICAID ESTATE RECOVERYMedicaid is the largest payer of long term care, not Medicare.The majority of those in nursing homes have at least a portionof their bills paid by Medicaid. In addition to those in nursinghomes, those residing at home who receive help from familyalso receive assistance from Medicaid. If you are elderly andrequire financial assistance to meet your required care, then thegovernment will take your home, farm and other property whenyou die.In what could be considered age discrimination, this recoveryprogram applies only to those over 55.

MEDICAID ESTATE RECOVERYIf Medicaid pays for any portion of your care, then your estate will be forced torepay the government before making distributions to any beneficiaries.We believe this estate recovery should be considered a death tax which isimposed only upon the elderly. Others have called the program the equivalentof quote picking the bones of the poor\" and quote sucking the last ounce ofblood from the corpse\".

MEDICAID ESTATE RECOVERY Most assets must be depleted for the elderly qualify for Medicaid, thus recovery efforts focus on real estate, such as family land or the home. While states individually bear the burden and cost of collection, the funds recovered are sent back up to the federal government. This program began in 1993. States are provided some leeway with regards to the assets they seize, but must at a minimum attack the probate estate of the Medicaid recipient. Note, a majority of states have expanded their recovery program beyond what is minimally required. We will help prevent this from happening to your family.

MEDICAID ESTATE RECOVERY Are you looking to protect your assets from Medicaid? Properly forming a Medicaid asset protection trust can assist you with qualifying for nursing home eligibility and other forms of long term care. Elder law asset protection is NOT simple. It cannot be done on your own, nor should it be entrusted to a general practice attorney.

MEDICAID ESTATE RECOVERYwww.irrevocablemedicaidtrust.com