Knowledgeable Guidance In Medicaid And Medicare Planning
Medicaid is a needs-based program that was created when Medicare was created. It is run by CMS (Centers for Medicare & Medicaid Services). It was originally meant to provide medical care to single mothers and their newborn babies. It has since grown significantly and has become an insurance plan for the less fortunate financially dependent individuals within our community. The costs of Medical Assistance are shared by both the federal government and the state governments. Medicare is primarily run today by the federal government; however, Medicaid is administered, and eligibility is determined by a state-run program.
Like many government programs, these services can be complex and difficult to navigate on your own. Thankfully, help is available when you contact Rick Law in Pottstown, Pennsylvania.
Why Do You Need A Lawyer?
The answer is simple. If you qualify for Medicaid and/or Medicare, you still must consider your finances. If you come into any money, both services generally find a way to get reimbursed, whether during your life, or after you pass. Pennsylvania has collected over $500 million in Medicaid payback to date. They do so by placing what is known as “Medicaid liens” against the estate. Luckily, not all Medicaid payments are reimbursable. Only medical assistance received by individuals after the age of 55 is recoverable, only when the medical assistance payments were for specific types of services. Specifically, Pennsylvania’s estate recovery program only seeks reimbursement for certain services:
- Nursing facility services
- Home and community-based services such as those provided through the Aging Waiver Program
- Related hospital and prescription drug services
In other words, the payback is for Pennsylvania Medicaid long-term care benefits. Even life insurance, which is not generally subject to Pennsylvania Inheritance tax, is not even immune to the Medicaid liens.
Assets generally not subject to estate recovery include property owned jointly by the decedent and another, including property owned as tenants by the entireties, life insurance proceeds paid directly to a designated named beneficiary, asset placed in trust prior to the death of the decedent, irrevocable funeral reserves, certain property of Native American Indians, government repatriations to special populations, and certain trusts for disabled persons, including special needs trusts.
Talk To Us About Your Legal Needs – The First Consultation Is Free
Speaking with an attorney at Rick Law is the first step toward solving your Medicare and Medicaid issues. To schedule a free consultation, call us today at 610-850-9036 or submit an email inquiry.