Medicaid Estate Recovery & How it works
I’m here from the government and I’m here to help you! 😊
When the government gives you something, they will find a way to take it back.
Under Medicaid (Medi-Cal) rules if a person uses the government system to pay for long term care, most states have a Recovery System. Sounds ominous and it is.
When the Medicaid recipient reaches their ultimate conclusion, any remaining assets, like a house, can be put into a forced sale situation with the proceeds going to the state. This system is designed to keep the government long term care system from going broke.
Read the article link for more information on the subject: https://www.ncoa.org/article/what-is-medicaid-estate-recovery-and-how-does-it-work. To have a conversation about your risk, schedule some time for us to talk: www.calendly.com/jimbetter.