Is Your Home Protected From A Medicaid Lien?

While most seniors have a will and other end of life plans in place, they often unknowingly leave one of their most valuable assets unprotected. Under federal and state law, states must seek to recover long-term care benefits from a Medicaid recipient's estate after the recipient's death. Therefore, if you fail to protect your house, it could be sold to settle the claim.

Likelihood of Seniors Needing Long-Term Care

As we age, we generally fail to recognize that at some point we can become incapacitated. In reality, the likelihood that a senior citizen will become physically or cognitively impaired in their lifetime is two in three. While family members often serve as caregivers, there are countless situations where long-term care is required.