Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (355208)	3/23/2010 12:00:10 PM
From: Alan Smithee	1 Recommendation Read Replies (2) \| Respond to of 793913

It is pretty obvious to me. When the Gov subsidises, people figure a way around it. A lot of older people transfer their property to their kids so they can qualify for assistance. People can go into a nursing home if the Gov will pay. But they don't want to face that kind of life. There's a 5 year lookback period with disqualification from Medicaid for a time. If you transfer $100,000 to kids within 5 years of applying for Medicaid, then you're disqualified from Medicaid for a time. Formula is Amount of Transfer/Average Amount for a Month of Care in your Area. $100,000/$5,000 = 20 month disqualification.