BUY INTO OBAMA CARE and you get "REPO AND REPAY!"
i.e. you PAY TWICE FOR all that lucious, free HEALTHCARE YOU USED.
SOUND COSTLY? DOESN'T MATTER. YOU ARE FORBIDDEN NOT TO USE THEIR SYSTEM or they FINE YOU! GOV WANTS PAYBACK!Found Online by Anita Sands Hernandez
Read the story of 62-year-old newlyweds Sofia Prins and Gary Balhorn --Their nuptials were motivated by a stronger desire to keep their house out of the hands of the federal government, thanks to a little-known key provision of Obamacare --People having to marry just so the government won’t seize their assets after death. It's weird just how low our government will go.
Unless folks look at the fine print in the paperwork in Washington and other states with similar asset-forfeiture regulations, any assets they own will not pass to their heirs but to the state instead. NOTE: More reason to prevent illnesses that exist in your family tree. EASY, see HOLISTIC INDEX. PREVENTION 101.
Medicaid is a state-based and federally subsidized welfare program, one that employs "means-testing", which includes ownership of assets (HOME/ CAR/ STOCKS) as well as income levels. Assets remaining after death are at risk for seizure to reimburse taxpayers who footed the bill for the recipient’s health care during his/her lifetime. FOOTED THE BILL? Aren't we all taxpayers? Didn't we all get reamed with HIGH, middle class TAXES we handed to THE IRS ? Why doesn't GOVM'T PAY our ENTIRE hospitalization and nursing care BILL? System does in Canada and Europe. They want us Amerricans, wealthiest country in the world, to pay it twice? Article sez so:
http://finance.yahoo.com/news/obamacare-shotgun-wedding-marry-lose-091500078.html
REPO AND REPAY! Sounds scary to me. So I google what's up and find this:
HOW TO AVOID MEAN-TESTING AND QUALIFY FOR MEDICARE.
http://www.ralphrobbins.com/Asset%20Test.htmTHE ASSET TEST
All assets of the applicant and, if married, the spouse, whether held jointly or not, are considered for Medicaid eligibility purposes. A discussion of asset types follows the requirements below (as of January 1, 2013):
1. Asset requirements for the applicant: Cannot own countable assets in excess of $2,000.00 i.e. must be dirt poor.
($5,000 assets i OK if the income is under $834 per month) in addition to certain exempt and non-countable assets.
I AM ALLOWED FIVE K on hand AS A POOR PERSON WITH LOW INCOME??? HUH? What does this mean??? THE REALLLLLLY POOR are allowed cash in hand?
2. Asset requirements for the well spouse (known as the Community Spouse): May retain up to $115.920.00 in individual/joint assets in addition to non-countable assets (exempt, non-available, and certain income producing assets). HUH I don't think that 115.920.00 is even a NUMBER. Isn't there a comma there??? 116grand?
Definition of Assets
In general, an applicant's assets are divided into two types: Countable towards Medicaid eligibility limits and Non-Countable towards Medicaid limits. Assets may also be deemed "exempt" or "unavailable". The type of asset involved, how it is titled, and in some cases the ownership history of an asset, will determine its category.
Below is a list of assets that most applying for Medicaid must contend with when considering the asset test. It is by no means complete and every individual’s circumstances must be evaluated to be sure no “surprises” occur during the application process.
The Home – If the spouse of the applicant or certain dependent relatives continue to reside in the home, the home is not counted as an asset. If single, the home is excluded if the applicant “intends to and can be reasonably expected to return to the home”. In virtually all cases in Florida, the primary residence (homestead) is not counted. Once the applicant is deceased, however, the home may be subject to Medicaid Estate Recovery. Proper planning may avoid this outcome.
Vehicles – One vehicle of any age, and a second vehicle if over 7 years old (unless it is a luxury, antique, or custom vehicle) is/are not countable.
Personal/Household Goods – Personal items in the home such as furnishings are not countable. Other items such jewelry or art may be considered countable if deemed collectible. Hide the Van Goghs.
Retirement Accounts – IRA’s, 401-k’s, 403-b’s, are not counted as long as they are properly structured and the owner (applicant or spouse) is taking regular and periodic income distributions from the account (IMPORTANT: the minimum distribution requirements for Medicaid are different than those for the IRS!).
Burial Funds and Prepaid Funeral Contracts – If irrevocable, the full value of a burial contract is not counted regardless of the amount or value. If the plan or funds are revocable, Medicaid allows up to $2,500 to not be counted.
Ongoing Business Concerns – Whereas they generate income for the applicant who ultimately contributes to the cost of care in the form of Patient Responsibility, such concerns are generally not countable. Likewise, the value of other real property that is rented or listed for sale can also be excluded as countable. The gross proceeds from any rental income is counted towards gross monthly income when applying the Income Test. Deductions are provided for allowable rental expenses.
Life Insurance – All term life insurance policies are excluded since they have no cash value. Whole Life or other forms of cash value life insurance polices with a current cash value may be counted as assets. If the total face value (in other words death benefit) of all policies owned is less than or equal to $2,500 then the cash value of the total of all policies is excluded. If the total death benefit of all policies exceeds $2,500 then the cash value of all policies is included in determining the asset test.
Annuities – The cash surrender value of single or flexible premium deferred annuities are fully countable (unless contained in a retirement plan, see Retirement Plans above).
Properly Structured Immediate Annuities – Assets placed into a properly structured immediate annuity may not be countable provided the contract meets strict Medicaid guidelines.
It is easy to see that for many the Asset Test is the test that will present the most confusion and the largest stumbling block for Medicaid eligibility.
Interestingly, however, it is because the rules are so complex and the types of assets an applicant may own may be so varied, that we find it is in this area that the greatest opportunity exists for eligibility planning.
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ANITA AGAIN: Hey guys, I know this is hard to understand. It's bewildering, ORWELLIAN, overpowering and weird. My friend the Jewish Genius read this whole piece and wrote me: " you're right the article is confusing. You're right that Medicaid is primarily intended for poor people; that's why they have limitations on income and assets where Medicare doesn't. Also, each state has different rules, unlike Medicare which is a federal program. They do let you keep some money in the bank and a home and a car. I know a year ago when my mother had to go into a nursing home, the social worker was trying to reduce my mother's assets so she could qualify for Medicaid. ( Medicaid covers nursing home care, Medicare doesn't). I agree it doesn't make any sense to have a system as complicated as this when, as you pointed out, countries like Canada and in Europe cover pretty much everything without bankrupting people. If I had to point to one reason for this, it's that these countries regard healthcare as a RIGHT and not as a means for making PROFITS. As for requiring people to get married, that part I'm not really sure about. I know that as a single person I've consistently paid twice the income tax as married people, and I'm sure you'll agree that it doesn't cost half as much to live as a single person as a married person. As for the estate tax or the 'death tax' as the Republicans call it, I personally believe that a person, if he goes to school and works hard deserves to live better than someone who doesn't, but when he dies, that money should go back to the common good, whether that person is married, single or whatever. I would probably feel differently if I had children of my own, but I don't."He seems to know that MEDICARE is for people with more assets. You guys, I have an idea. GOOGLE search terms medicaid, medicare, married, repay and get back to me. Anita Sands Hernandez astrology at earthlink net
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