Originally Posted by Old_Toot
Originally Posted by antlers
Quote
If you go into a nursing home, like a lot of older folks do, state can go back as far as 10 years after your property. In Ga, pretty much everyone gets it to their kids as soon as they can to prepare for this in case it happens.
Medicaid Estate Recovery is federal law throughout the country. Two-thirds of people in nursing homes are funded by Medicaid. If you die and you’ve been a Medicaid recipient (especially of long-term health care), the state government (by federal law) goes after whatever they can get from the estate of the deceased.
The look back period was 5 years, prorated unless that’s changed recently.
Medicaid is looked at by the government as an interest free loan for healthcare that you can’t afford, and if you have assets that’ll help reimburse them for spending money on you via Medicaid, they can go after those assets after you die. And it can leave your heirs without the house they ‘thought’ they were gonna get from you after you died.

Every day on this side of the ground is a win.