03/17/2024
Medicaid Estate Recovery is a federal law that requires the state to recover expenses after the death of Medicaid recipients.
It prevents the accumulation of generational wealth within the lower income brackets, and is an unfair practice that forces the sale of family homes.
Few people are informed of this repercussion before applying for Medicaid, but there are loopholes that the linked article outlines in-depth.
Here are a few ways to avoid Medicaid Estate Recovery:
1. Transfer ownership BEFORE applying for Medicaid
2. Sell the house to a relative to keep it in the family
3. Accept the consequences of using Medicaid
There are ways to protect the home from Medicaid Estate Recovery. The rules are tricky, so be sure to consult with a knowledgeable, experienced Elder Law Attorney. I
