The Reality of Medicaid Taking The Family Home

15 Jun 2022 · 1 min

Watch on YouTube

0:54

In this short YouTube video, a concerned adult (Speaker A) shares that Medicaid may claim the family home after the death of his elderly parents who are receiving Medicaid-funded long‑term care, effectively leaving the house to be taken away. Jerry Taylor, a Medicaid‑planning attorney, responds by explaining that Medicaid’s long‑term care benefits function as a loan that must be repaid through estate recovery, which can include the family home. He emphasizes that this outcome is not inevitable: with early and proper planning—such as asset protection strategies, legal instruments, and professional guidance—the home and estate can be preserved. He urges viewers to contact a Medicaid‑planning lawyer and to follow his channel for further information.

Chapters

I just found out that my elderly father, who is on Medicaid to pay for his end-of-life care, um, they take it against the house that my parents live in. So after my dad goes, after my mom goes, the house is going to be gone. And if you didn't know that about Medicaid, And caring for your elderly parents, now you know.
So what you've just seen is the unfortunate reality of the message that I've been trying to get across to you, and that is that Medicaid long-term care benefits are a loan. They will have to be repaid, and they will take everything that you or your parents have to be repaid. The good news is it doesn't have to be this way. If you plan early, you plan well, you can save the home and your parents' estate. So contact me or a Medicaid planning lawyer like me and follow this channel.