I enrolled in MAGI Medical through Covered California. I am 61 and will qualify for Medicare at 65 at which point I will not need Medicaid. However, if I pass away is my estate subject to recovery if I do not go to nursing home other than just avail of other Medicaid benefits like hospital visits, doctors visit and prescription drugs? How do I know that my Medical is MAGI or not? I have the eligibility letter that says MAGI Medical but the MyBenefitsCalWin website does not make a distinction on what Medical it is. Most of the documentation I receive from DHCS not not distinguish the type of Medical. If I create a trust and have all my assets in a trust would that be subject to Recovery or is it only for assets in probate that are subject to recovery?
You can always call your county Medi-Cal office and confirm that you have MAGI Medi-Cal. It sounds like that is the program you are enrolled into. They changed the law regarding Estate Recovery (SB 833 I believe) that excluded MAGI Medi-Cal from Estate Recovery. With MAGI Medi-Cal, you are enrolled in a Medi-Cal HMO plan. That plan is assuming the liability for your health care services just like a regular health plan. The county pays for the Medi-Cal HMO plan premium on your behalf.
@@KevinKnauss Can one change from Regular Medical to MAGI MediCal after being on it for several years? What financial conditions allow it if possible, and how do we apply for the change?
MAGI Medi-Cal applies to adults and children under 65 years of age and who are not disabled, blind, or in treatment for certain medical conditions. For the most part, people qualifying for MAGI Medi-Cal will be tracked into an HMO managed care plan through their county. If you meet the conditions, and income can be part of the calculation, you should be able to transition from Fee For Service Medi-Cal to MAGI Medi-Cal. I'd reach out to your county for additional guidance. @@donneone
There can be a variety costs that are hard determine because you never receive an invoice for certain services and products. The biggest cost Medi-Cal hopes to recover is the monthly charges for a skilled nursing facility. Those costs can be $4,000 per month. At one point, I saw that people can request the liability of costs that Medi-Cal has paid and would would seek to recover under the Estate Recovery Program.
Hello…. I am my dad’s In Home Supportive Services caretaker. He is over 62, my mom is also 62, they are BOTH disabled, on Social Secirity Disability and BOTH on MediCal. My husband and I want to buy their home…but are worried that they will lose all of their benefits. Do you know how we can purchase their home without any MAJOR issues with this recovery act?
I’m fifty five years older, I’ve never used home skill nursing but I am concerned about recovery from Medical trying to sell my house. I have been with them and my kids since 2015. Am I at risk for recovery when I sell my house?
First, the Estate Recovery applies if you are over 55 years old. Second, they would never sell your house. If you die and the house is sold, and your estate is subject to Estate Recovery, they would attach the proceeds of the home sale.
No. Even as an old man, I can’t be so cynical as to believe you have a higher probability of needing full scope Medi-Cal in a skilled nursing facility. That is what the Estate Recovery program targets: individual in very high cost skilled nursing facilities. Most people age in place in their homes. It is the goal of Medi-Cal to help people live in their primary residence as long as possible, thus avoiding expensive skilled nursing care in a facility. A better strategy when you are young is to work toward a goal that when you retire you have as little monthly expense as possible. That means owning your primary residence and not having any long term debt for items such as vehicles. Rent or mortgage is the largest household budget item for most people. If you can eliminate that, stretching retirement dollars is easier.
What cancer treatments?
Please explain. I don't understand the reference.
I enrolled in MAGI Medical through Covered California. I am 61 and will qualify for Medicare at 65 at which point I will not need Medicaid. However, if I pass away is my estate subject to recovery if I do not go to nursing home other than just avail of other Medicaid benefits like hospital visits, doctors visit and prescription drugs? How do I know that my Medical is MAGI or not? I have the eligibility letter that says MAGI Medical but the MyBenefitsCalWin website does not make a distinction on what Medical it is. Most of the documentation I receive from DHCS not not distinguish the type of Medical. If I create a trust and have all my assets in a trust would that be subject to Recovery or is it only for assets in probate that are subject to recovery?
You can always call your county Medi-Cal office and confirm that you have MAGI Medi-Cal. It sounds like that is the program you are enrolled into. They changed the law regarding Estate Recovery (SB 833 I believe) that excluded MAGI Medi-Cal from Estate Recovery. With MAGI Medi-Cal, you are enrolled in a Medi-Cal HMO plan. That plan is assuming the liability for your health care services just like a regular health plan. The county pays for the Medi-Cal HMO plan premium on your behalf.
@debbiea1723 - Lots of good questions!!
@@KevinKnauss Can one change from Regular Medical to MAGI MediCal after being on it for several years? What financial conditions allow it if possible, and how do we apply for the change?
MAGI Medi-Cal applies to adults and children under 65 years of age and who are not disabled, blind, or in treatment for certain medical conditions. For the most part, people qualifying for MAGI Medi-Cal will be tracked into an HMO managed care plan through their county. If you meet the conditions, and income can be part of the calculation, you should be able to transition from Fee For Service Medi-Cal to MAGI Medi-Cal. I'd reach out to your county for additional guidance. @@donneone
@@KevinKnauss Thank you!
How do I calculate how much I owe medical?
There can be a variety costs that are hard determine because you never receive an invoice for certain services and products. The biggest cost Medi-Cal hopes to recover is the monthly charges for a skilled nursing facility. Those costs can be $4,000 per month. At one point, I saw that people can request the liability of costs that Medi-Cal has paid and would would seek to recover under the Estate Recovery Program.
Hello…. I am my dad’s In Home Supportive Services caretaker. He is over 62, my mom is also 62, they are BOTH disabled, on Social Secirity Disability and BOTH on MediCal.
My husband and I want to buy their home…but are worried that they will lose all of their benefits. Do you know how we can purchase their home without any MAJOR issues with this recovery act?
I’m fifty five years older, I’ve never used home skill nursing but I am concerned about recovery from Medical trying to sell my house. I have been with them and my kids since 2015. Am I at risk for recovery when I sell my house?
First, the Estate Recovery applies if you are over 55 years old. Second, they would never sell your house. If you die and the house is sold, and your estate is subject to Estate Recovery, they would attach the proceeds of the home sale.
Illegible and week audio.
If you have any questions about Estate Recovery, feel free to call me. My contact information is on my website insuremekevin.com
Hi Kevin, is it just better to spend your assets while you’re young and healthy enough if you’re single?
No. Even as an old man, I can’t be so cynical as to believe you have a higher probability of needing full scope Medi-Cal in a skilled nursing facility. That is what the Estate Recovery program targets: individual in very high cost skilled nursing facilities.
Most people age in place in their homes. It is the goal of Medi-Cal to help people live in their primary residence as long as possible, thus avoiding expensive skilled nursing care in a facility.
A better strategy when you are young is to work toward a goal that when you retire you have as little monthly expense as possible. That means owning your primary residence and not having any long term debt for items such as vehicles. Rent or mortgage is the largest household budget item for most people. If you can eliminate that, stretching retirement dollars is easier.