I know we have some folks on expanded Medicaid here and I have questions for you!
I am doing a will and came across a reference to states being required to pursue repayment of Medicaid payouts: executors have to check with the state to see if Medicaid reimbursement is due. I am seeing references to it being only for care over age 55, or for one's lifetime, or if there are no heirs. I am new to it and cannot tell if this applies to expanded Medicaid or not.
Separately I am reading that medical bills from the last four months of life must be paid. This might be a lot less for ACA-insured people, but still not nothing. Some of those deductibles can be really high.
I am wondering how to estimate or account for any of this stuff. I would think that anything in the estate would go toward these Medicaid repayments first, including house, bank accounts, and depending on state, any trusts established by the will, maybe even beneficiaries of IRAs etc.
I'm hoping someone here might be aware of this and what it means and could share a little bit of info. Thanks!