Can Medicaid really come after your house when you die?

Can Medicaid really come after your house when you die?

Yes. If you’re over 55 years old, Medicaid can come after your home and assets when you die to pay for your medical expenses. If you’re over 55 years old, Medicaid can come after your home and assets when you die to pay for your medical expenses.

Can I get Medicaid if I have assets?

In 2021, a single Medicaid applicant must have income less than $2,382 per month and may keep up to $2,000 in countable assets to qualify financially. Any cash, savings, investments or property that exceeds these limits is considered a “countable” asset and will count towards an applicant’s $2,000 resource limit.

How does claiming your parents as dependents impact your Medicaid eligibility?

In fact, it should not impact your Medicaid eligibility in anyway. This remains true regardless of if you plan to apply for Medicaid in the future or if you currently are a Medicaid beneficiary. However, we would caution your son from depositing money into your bank account as a means for him to support you.

What happens to your house if you get Medicaid?

After a Medicaid recipient dies, the state must attempt to recoup from his or her estate whatever benefits it paid for the recipient’s care. This is called “estate recovery.” For most Medicaid recipients, their house is the only asset available, but there are steps you can take to protect your home.

Can a Medicaid claim be made against an estate?

However, states that have not opted to broaden their estate recovery to include non-probate assets may not make a claim against the Medicaid recipient’s home if it is not in his or her probate estate.

Can a spouse of a Medicaid applicant take your home?

As the spouse of the Medicaid applicant, the home can be transferred to you without violating Medicaid’s look back period. Transferring the home to yourself will also protect your home from Medicaid making an estate recovery claim (a claim to be paid back for the cost of your spouse’s nursing home care).

However, states that have not opted to broaden their estate recovery to include non-probate assets may not make a claim against the Medicaid recipient’s home if it is not in his or her probate estate.

As the spouse of the Medicaid applicant, the home can be transferred to you without violating Medicaid’s look back period. Transferring the home to yourself will also protect your home from Medicaid making an estate recovery claim (a claim to be paid back for the cost of your spouse’s nursing home care).

After a Medicaid recipient dies, the state must attempt to recoup from his or her estate whatever benefits it paid for the recipient’s care. This is called “estate recovery.” For most Medicaid recipients, their house is the only asset available, but there are steps you can take to protect your home.

Can a family member be paid by Medicaid?

Please note that there are multiple types of Medicaid programs under which family members or friends can receive compensation. Caregivers may have to meet specific state requirements or become certified Medicaid providers in the state in which they reside in order to be paid by Medicaid.