09/26/2025
This is probably one of the most important ones I have posted in a long time.
When we hit a certain age, 55 or older, and we need certain medications or procedures that our insurance company cannot pay for, then your provider may tap into services that are covered under MassHealth. That is not an issue but when you die they will come after your estate in what they call "estate recovery". This is not just for nursing home care contraray to popular belief. They will put a creditor lien or claim on the house or the assets of the estate.
Also, we have always been taught to save, save, save. We always want to be generous to our kids and grandkids BUT after a certain age (70's) those generous monetary gifts have a look-back. What does that mean, it means that if you give your kids, grandkids etc $500 or more for various reasons and you need MassHealth for any reason they will go back through your bank accounts for 5 years and all that money has to be paid back in order for you to get on MassHealth for any long term care.
Now I get it, we can sit there and scream from the rooftops, "I am NOT going into long term care, my kids will NEVER put me in a nursing home"...BUT if you are Cuckoo for Cocoa Puffs, they will have zero choice other than to be charged with elder abuse for not giving you care or because you have silver alerts out for you every week.
So now you need care from MassHealth, guess how much that costs? No, lie, 12k-15k a MONTH. So MassHealth says "hey go sell the house before we pay." They also say, "hey all that money you gave to the kids over the past 5 years, well they need to cough it back up." Regurgitate it if you will. So yay. Now you have nothing to leave the kids when you die because it all goes to getting you care. If you are married well goody gumdrops, your spouse is allowed to keep $157,920 of your joint assets. How lovely and anything over has to go to pay for your care.
You are probably right now needing a good stiff drink and I get it, but there are ways to avoid all of this and that is where I come in. I can make it so this does not happen and they don't get your house and all your money. Oh, they will get some, but I can protect a lot of it.
I have had too many clients come in recently and say, I did not know this and now my Mom or Dad needs MassHealth and we are sooooo up the creek (you know the one with the brown water and ya, you have one or no paddle).
The good thing is, I offer a free one hour cosult to clue you in on how to avoid all this. There is zero obligation to see me. We meet, we chat, you laugh at my jokes (obligatory) :) and then off you go. If you want to retain me, I give you a price sheet. There are NO hourly fees with me.
Due to an uptick in MassHealth applications being needed, I feel it very important to put this out there. I wish I didn't have to but knowledge is power. I can give you both.
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