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Medicaid will file a lien/estate claim on your assets to recover the cost of medical care.
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∙ 12y ago
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Can Medicaid take assets after a death?
Medicaid can file a property lien and/or estate claim to recover expenses from the assets of the deceased recipient.
Can you sell assets while on medicaid and gain the profits?
You can sell your assets, as long as you receive fair market value for them. However, doing so might put you over the asset limit for Medicaid in your State, whereupon you will have to "spend down" those assets to resume Medicaid eligibility.
You receive medicare would your kids get Medicaid?
Only if your family's income/assets are within the Medicaid standards.
If me and my fiance move in together before marriage can she lose her medicaid coverage?
No, but when you marry, Medicaid will look at you and your spouse's income/assets.
What does a notice of levy do?
A notice of levy is a notification to a debtor that a creditor has applied to a court for permission to levy the debtors assets. A notice of levy can also come from the Internal Revenue Service if there are any back taxes owed.
If you are on medicare disability can you also receive medicaid?
You may receive Medicaid and Medicare disability at the same time if you meet eligibility factors, principally citizenship and limited income/assets.
Can they take your tax refund to satisfy a levy?
yes, they can take any assets you have
What if someone on Medicaid inherits money?
That money becomes an asset and depending on the amount plus the Medicaid client's other assets, might affect eligibility.
How much is medicaid when pregnant but have no medicaid?
If your income/assets are below the threshold (typically, 200% of Federal poverty level for a pregnant person), Medicaid should be free. Otherwise, you might owe a "spend down."
What are the requirements for asset transfer for nursing home care in Oklahoma?
Check with Medicaid, but in Oklahoma I believe you can pay a relative all assets for caregiving to qualify for medicaid
What assets can Medicaid acquire once a Medicaid covered elderly person passes on after living in a retirement home?
Medicaid may file a claim against the estate of the deceased recipient, including any real property.
Are assets held in a Limited Liability Corporation protected from medicaid expenses for long term care?
No.
