Financial Information
What would happen if an elderly individual sold all their assets for long term care than the health care?
Question : What would happen if an elderly individual sold all their assets for long term care than the health care?
proposal kicks in and makes their long term care free?
So let’s say in 2013 an elderly individual is forced to sell all of their assets to cover their long term care. 2014 rolls around and with the newest health care bill, their long term care is now free.
What would happen to the monies given to Medicaid to cover her long term care prior to the bill be passed?
long term care
Best answer:
Answer by 2010 year of tax increases
Their assets belong to the people they owe the money too for long term care.
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#2 written by Cheezass H. Kriest 1 year ago
Yeah, we need to keep it just the way it is. Work your whole life just to have enough money to pay for end of life care. Why shouldn’t an American health ins. company be allowed to collect every Americans life long earnings for something everybody will need? I think the only thing better for American health ins. companies, is for the govt. to subsidize it by giving our tax money to the ins. companies to provide the most basic of care. The ins. companies are not making those record profits by actually approving claims. The ins. companies also need be subsidized with our tax dollars in order to really rake in the cash. Why can’t the ‘libs’ realize that corporate profits are more patriotic and American than the poor people needing medical care. Look where we are in life expectancy. We are ahead of Cuba in deaths. YEAH ! USA !
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#3 written by gws35 1 year ago
1. Nothing will be free under the health care reform bill. It is purely a BAILOUT of the indigent care charities, which have been overwhelmed by all the illegals pouring into the country and using the emergency room as their primary care provider. These charities are financed by the ultra wealthy like Bill and Melinda Gates, the Kennedys, and the Rockefellers. Even they can’t afford to pay for the illegals anymore, so they’re throwing the load over onto the people.
THAT IS THE ONLY REASON WHY WE ARE GETTING HEALTH CARE REFORM NOW.
THAT IS THE ONLY PURPOSE OF HEALTH CARE REFORM.
THAT IS WHY OBAMA DICTATED THAT IT MUST COVER ILLEGALS.
2. If something like that happens, it’s called “being out of luck.” That’s what happens when the government makes an abrupt and radical change in direction of government policy. It leaves many people broke and out of luck.
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#4 written by Jo 1 year ago
Apparently. something that has been going on a long time has escaped the masses notice.
It’s called GAMBLING.
You weigh the options,make your choices.
If your choices don’t pan out……OH WELL.
Same thing with the housing.
You make your choices based on the best knowledge available at the time and live with the results of your choices.
Their health care was not and never will be free…… -
#6 written by zaza 1ST GRANDCHILD 2/2010!!! 1 year ago
Long term care is not free and most people are forced to sell off their assets. If it’s free, you aren’t getting good care. I wouldn’t put my dog in most places. I have volunteered in several homes and I always left crying.
We pay just over $ 400 per month for long term care insurance so we don’t have to sell off our assets. I’d rather drop dead of a heart attack though. Quick and painless.
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Even with the “free” plan people will have to give up their assets to pay for nursing home care. Otherwise, those evil rich people would get a break and we don’t want that