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Medicaid Estate Recovery and Medicaid Payback Rules Who Does the Medicaid Estate Recovery Program (MERP) Affect? For Medicaid recipients ages 55 or older, states must seek recovery of payments from their estate for the following: nursing facility services; home and community-based services; and related hospital and prescription drug services
Can the Texas Medicaid Estate Recovery Program Take My Land? What is MERP? The Texas Medicaid Estate Recovery Program (MERP) allows the state to seek repayment from the estate of a deceased person who received Medicaid long-term care benefits after age 55
Protecting Your House from Medicaid Estate Recovery Takeaways A life estate is a form of joint ownership that can help protect a home from Medicaid estate recovery However, keep in mind that there is a five-year lookback period Transferring a home to an irrevocable trust is another option to protect it from Medicaid estate recovery You may have heard the term “estate recovery” before and wondered what it meant This is a process that can
Current law: Allows Medicaid to seek estate recovery from the estate of . . . New law: Allows Medicaid to seek estate recovery from the estate of a Medicaid recipient and the estate of the recipient’s spouse Because the change is not prospective, recovery can be made against the estate of a non-recipient spouse even if the Medicaid-recipient spouse died years ago
Pros and Cons of a Medicaid Asset Protection Trust A MAPT is one option a person may use to protect their assets from Medicaid and nursing homes or long-term care Consider some pros and cons of MAPTs t
Key State Medicaid Information for Connecticut - ElderLawAnswers Medicaid information for ConnecticutProtections for the Community Spouse Community Spouse Resource Allowance (CSRA): Minimum: $50,000 00 Maximum: $157,920 00 Increased CSRA: Not permitted, except by a Fair Hearing decision or through a court order Annuities: Actuarially sound annuities are permitted Monthly Maintenance Needs Allowance: Minimum: $2,643 75 Maximum: $3,948 00
How Does Medicaid Treat a Home Jointly Owned by Family? There would be no problem with Medicaid and a jointly owned home in your state if a Medicaid recipient has an interest in a property equal to their financial contribution For instance, your mother pays a third of the purchase price, and you and your spouse contribute two-thirds Whether from the proceeds of the sale of your current home, through a mortgage, or a combination of both, there
Are My Assets Protected If My Husband Has to Go on Medicaid? It depends on how much you have If you have a house, that’s protected Your other assets are limited to about $150,000 (though some states only allow the spouse to keep half the combined marital assets up to $150,000) If you have more than $150,000 in assets other than your home, you may want to consult with a local elder law attorney However, given your husband’s excellent long-term