Home arrow Mortgage Forums arrow Announcements Feedback and Our Pub arrow

paying back medicaid

Author Message
Icon Mini Profile johnmiller





Joined: 07 Jun 2010

Posts: 1

1.00 Dollars($)
Post Posted: Mon Jun 07, 2010 12:04 pm    Post subject: paying back medicaid
Like 0
Dislike 0

A friend who was on medicaid recently passed away and it was just discovered he had a 25,000 Life insurance policy. There was no other asets thus the assumption was there was nothing to probate. The $25,000 names a beneficiary. Does the money go to the beneficiary or does it go to Medicaid? (As I understand it he claimed less than $1,000 in assets at the time he was approved for Medicaid). If it goes to medicaid, what is the process to make this payment? Is there any liability of having this insurance at the time of him going onto medicaid. I don't believe there was any attempt on his part to defraud the Government since he was developmentally disabled and had no recollection of ever having a policy. Your comments are appreciated
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10428
Location: Alaska
984.35 Dollars($)
Post Posted: Mon Jun 07, 2010 8:25 pm    Post subject:
Like 0
Dislike 0

Hi johnmiller!

Welcome to forums!

The Medicaid can take away the amount from the life insurance policy in order to recover their dues. I would suggest you to contact an attorney who is an expert in the Medicaid laws of your state. He will be the best to help you in this matter.

Sussane
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights

Bookmark this page

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.064 seconds.