Thursday, December 26, 2013 2:37:15 AM
Insurance still takes estate money if you die owing money.
Did you think that through? The purpose of insurance is to cover or limit any expenses you might incur. If I have to have surgery, my BCBS will cover pretty much all of it. After I die they will not try to recover what they have paid out for that surgery. On the other hand if I have Obamacare/medicaid, the cost of that surgery will be taken from my estate. Like I said before (and is the point of the article), most people signing up for the Obamacare/medicaid option are unaware of this as it is not clearly explained.
Tuesday, December 24, 2013 7:48:10 PM
Medicare and Medicaid have used estate recovery for decades. This isn't news nor does it have anything to do with Obamacare. Those programs have always been like that.