3 ms·
Maybe not much consolation, but even crummy health insurance plans have yearly limits where you'd "only" ever have to pay, like, twenty grand a year out of pock
by spondylosaurus 3y ago
Maybe not much consolation, but even crummy health insurance plans have yearly limits where you'd "only" ever have to pay, like, twenty grand a year out of pocket on medical expenses. Significantly lower for better plans, of course.
...
Assuming your plan is willing to cover the remaining expenses in the first place.
(Yeah, it's not an irrational fear :P)
- vaidhy 3y agoI also just learnt that Medicaid can place a lien on your house in some cases. Maybe, the solution is to move out of US, but that is equally difficult with an Indian passport.
- raincom 3y agoThere are ways to protect your home from such liens. Enter medicaid asset protection trusts.
- vuln 3y agoFlorida has the Homestead act to prevent this.
- mariojv 3y agoIANAL but Texas also has homestead laws that prevent creditors from seizing your primary residence: https://www.findlaw.com/state/texas-law/texas-homestead-law-overview.html#:~:text=State%20homestead%20protection%20laws%20help,pre%2Dexisting%20mortgage%20or%20lien https://www.findlaw.com/state/texas-law/texas-homestead-law-.... Not sure how that would apply with something like Medicaid
- ridgeguy 3y agoIn California, having your assets (home included) in a living trust shields those assets from Medicaid/Medical lookback forfeiture. [1] A living trust is a good idea for other reasons as well. [1] https://www.medicaidplanningassistance.org/asset-protection-trusts/ https://www.medicaidplanningassistance.org/asset-protection-...
- JohnFen 3y agoIf you're an American, good luck finding a nation who will take you unless you're wealthy or you have some special skill they desperately need.