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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: mph who wrote (55437)5/3/2006 12:22:22 PM
From: PuddleGlum  Read Replies (1) | Respond to of 57110
 
I didn't realize that Medi-Cal was limited to low-income/low asset folks, and I didn't distinguish it from insurance. If that's the case, then the recovery program probably nets at most a couple thousand $$, and often won't even be worth the cost of recovery.

Thanks for the clarification.



To: mph who wrote (55437)5/3/2006 12:30:53 PM
From: Alan Smithee  Read Replies (1) | Respond to of 57110
 
I'm with you on this one.

Used to be, an elderly person's estate could be depleted by gifts, thereby impoverishing the person and making him/her eligible for medicare. You, me and every other taxpayer then would bear the cost of paying for nursing home care for the giftor while the family enjoyed the benefit of those gifts.

Nowadays, if gifts or other transfers for inadequate consideration are made, there can be a disqualification for benefits based on the amount of the transfers.