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[quote=Anonymous][quote=Anonymous][twitter][quote=Anonymous][quote=Anonymous]Unless you're wealthy, it's LTC insurance or Medicaid. Get your assets out of your name 5 years before you need Medicaid LTC or the state will take it all![/quote]

Well, no. That would be unethical. Why do you think others should pay for your health care? Are you a welfare queen, too? Do you like the dole?

[/quote]

These two posts are perfect examples of harmful misinformation that gets spread around:

Medicaid planning involves far more than attempting to “get your assets out of your name, years before the unknown date at which the need will arise. This is precisely the amateur thinking that gets people into a jam.

Taking advantage of a public benefit program in accordance with its structure and regulations is not “having others pay for your health care,” or “the dole” any more than driving on public roads, using police and fire services, accepting appropriate tax breaks, and the like are unjustifiably shifting a person’s obligations to someone else. The claim to the contrary is nasty, selfish, insecure and quite frankly ignorant. Very wealthy people can afford private care that typically is much better than that provided by Medicaid. The unsuccessful, but also the irresponsible, self-indulgent and spendthrift, have nothing to spend away. Medicare planning is a tool for the hard working, responsible middle class person who has slaved and deprived themselves all their life, only to become (absent planning) a fat chicken to be plucked at the end of their life. That is an injustice and a scandal. [/quote]

We aren’t talking about Medicare (which doesn’t pay for nursing homes). We are talking about Medicaid (which does). PP was basically advocating freeloading. But if you need nursing care under Medicaid, you absolutely should have to surrender everything you own to get it. Why should you be able to shift your assets elsewhere and freeload? That is disgusting.[/quote]

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