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Old 07-30-2020, 06:28 AM
 
543 posts, read 703,071 times
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I've heard that your assets aren't considered when applying for MassHealth. Even though it is a Medicaid supported program. When you apply there is a section that speaks to the state having rights to your assets of your estate if you are on the program after 55. What happens if you leave the state at 60 and disappear , Or your spouse is still alive? Do you still have to give your assets away 5 years ahead of your demise? Since Romney care started, we have probably saved over 200k in premiums (that we never could have afforded) and have been completely within the law doing this. So I wouldn't mind giving something back as long as it didn't make the spouse destitute or homeless.
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Old 07-30-2020, 10:51 AM
 
Location: Massachusetts
6,301 posts, read 9,644,887 times
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There are two different programs through MassHealth/Medicaid. The first one is a program for individual and family health insurance for low income or no income people. The second one is a program to pay for nursing home assistance. My understanding is that your assets or the assets of an estate only go into play when a family applies for nursing home assistance. The MassHealth (Massachusetts version of Medicaid) that pays for individual or family health insurance for people who do not have enough income for one of the Connector plans only looks at annual income not assets for qualification. Of course if someone had a significant amount of investment income that would count as taxable income. Your home or bank account making little or no interest is not counted in.

Which program are you applying for?
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