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Thursday, January 23, 2014
Obamacare Expands Medicaid Estate Seizures
According to an well-known adage, the only things in life that are certain are death and taxes. Due to the estate tax, these two certainties can even occur simultaneously, depending on your net worth when you die. Governments also have another way to take your money after you die. Under a law passed in 1993, when you die, the states can seize your assets in order to recoup the cost of any health care that you received under Medicaid when you were aged 55-64. Because of Obamacare, many states have expanded their Medicaid eligibility, which means that more people could be affected by Medicaid-related asset seizures.