POSTED: Tuesday, December 17, 2013 - 6:37pm
UPDATED: Sunday, April 13, 2014 - 2:53pm
Tyler, Texas (KETK) — Be careful with that Obamacare.
Even this week, Health and Human Services director Kathleen Sebelious said this mess is going to cost you more money. Now there is another "sugarplum" out there even liberal sites have discovered and it shocks them. Through Obamacare, you may be forced into Medicaid.
You say, "fine, I don't care, whatever. I'll get a better price on my insurance, maybe, whatever it takes."
The following is from The Seattle Times and Cain TV:
It's called "estate recovery" and although it's been around for 20 years, most Americans have never heard of it. Sadly, this arcane bit of Medicaid fine print is about to become much more familiar. Basically, what it says is this: If you're over 55 and are on Medicaid, when you die the state can seize your assets in an effort to repay the cost of your care.
In the past it didn't affect too many people, because "asset tests" were included in the Medicaid enrollment requirements. The bar varied significantly from state to state, but the gist of it was that if your assets rose above a certain level you were disqualified, regardless of your income.
However, that was before the President signed his "signature legislation." Now, the requirements for Medicaid have been simplified to allow more low income non-elderly people onto the rolls. As a result, folks with low incomes - but substantive assets - are suddenly finding themselves trapped in a situation where they have no choice but to sign up for Medicaid.
But, it's OK, we get free birth control pills and the promise of a $2,500 savings, which never, ever happened and will never happen.
That's my point of view, what's yours?
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