Medicaid Fraud

[S T]

Not fraud - poor planning ----Unfortunately, I had a son/daugher get caught up in repaying Medicaid (Kentucky) in year 2012. Parents had thought they did the right thing, but it did not work - Repayment out of the Personal Residence (Parents home inherited) and Medicaid had a "Lien" approx $ 71K, to cover Mom's Nursing Care provided by Medicaid. Once the son and daughter sold house, repaid Medicaid, commissions and etc - there was almost nothing left.

I would urge any of my clients to consult an Elder Care Attorney in the State that the Taxpyer resides that understands the State Medicaid laws.

Sandy

[Burke]

You are correct. The new rules are effective 1/1/2014, but people over 65, blind or disabled, or receiving SSI and eligible for Medicaid and some others do not come under these financial methodologies.

[TaxGuyBill]

You are correct. The new rules are effective 1/1/2014, but people over 65, blind or disabled, or receiving SSI and eligible for Medicaid and some others do not come under these financial methodogies.

Thank you for pointing that out.

[MRPLOW]

People have always had to qualify for Medicaid based on their income/assets. I doubt if they would be eligible if they owned a house, unless it was a shack.

Depends on the State.
If it was a state that expanded medicaid coverage, it is strictly income based now.
NO asset test.

Although the issue of medicaid payback has not been discussed/settled...