The Affordable Care Act has caused millions of people to sign up for Medicaid for the first time. Medicaid is a program of free health insurance provided to low to no income individuals. Although the care itself is free, there is a lien against estate assets for any Medicaid payments made for any individual who received benefits after he or she reaches 55 years of age. This includes a lien against their home.
In some states, a Medicaid lien will result in the loss of a homestead to the government. This is one of those unintended consequences we hear about. However, in Florida, we do not have to worry about a Medicaid recipient’s house being taken. This is because of the Florida homestead laws.
For additional questions and consultation on debt related issues, please consider contacting Christie D. Arkovich, P.A.