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quite a few states now have them in one form or another . only 10 states don't . only 2 or 3 offer full asset protection . the rest are dollar for a dollar protection .
I have no doubt of THAT. But the article is in the present...and I think there are far worse things than having to spend a couple years on Medicaid (as it should be or used to be, not what the future may hold for it). I don't think many people can realistically be self-pay if they are more than a very few years in a nursing home...at some point they will need government help, and that is completely fair after they have spent what they can, without cheating and gaming the system. Many people are deluding themselves if they think their future will really be much different.
cheating or gaming the system ?
like our tax system which is based on your fair share of taxes is the lowest amount you can arrive at using the laws and tools left in place so is the long term care system .
all these tools and laws left in place were left in place for a reason . the states don't want to impoverish 2 people . having the stay at home spouse and the person needing care impoverished does the states no good and hurts them even more. having two people to now support on public assistance makes it even worse .
that is why not only have most states created partnership plans but these laws and tools are purposely left in place .
it would be quite easy to make look back forever . but that is not what states want .
a now famous judge in CT . ordered medicaid to reach an agreement with someone who invoked right of refusal to reach an amiable agreement in payments so the citizen that stays at home is not impoverished .
ny ,ct and florida now have medicaid negotiations instead of law suits going on .
it is not gaming the system when someone utilizes the laws and tools purposely left in place to be used . you will always have those both in long term care and taxes who think they get extra points for paying more than their fair share and don't use the tools and laws purposely left in place to be used because they do not seek help in reducing their fair share to the lowest level they can . ..
we are not talking committing tax fraud or medicaid fraud which is something else all together
Last edited by mathjak107; 07-09-2017 at 02:28 AM..
Most people under 65 on it have to prove disability. The reason the elderly are exempt from the able-bodied definition is that we as a society don't expect them to work. That is why we have Social Security income and those with low (really low) SS income get Medicaid in addition to Medicare. So they, yanno, don't end up on the street needing medical care they can't pay their co-insurance for.
That's red state math. In ACA opt-in states, anybody low income qualifies for Medicaid.
My mom is in assisted living with dementia problems. At her current burn rate, she'll be out of money in 4 years 3 months. At the rate her memory and cognitive function are declining, she's likely to be in a memory care facility well before she runs out of money.
I roll my eyes when I read articles like the one in the initial post of this thread. I think the whole Medicaid trust thing where the rest of us get stuck with the bill so the adult children can line their pockets is totally wrong.
quite a few states now have them in one form or another . only 10 states don't . only 2 or 3 offer full asset protection . the rest are dollar for a dollar protection .
i would get one of those inflatable dolls if they could cook .
Wait a few minutes..... I think one will be out any day now.
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