Follow
Share

Can kids access funds to use for cremation or does Medicaid take your money?

Find Care & Housing
"If someone passes away while on Medicaid, their family generally has a right to the money in their checking account, but the state may be able to make a claim on a portion of the funds through the Medicaid Estate Recovery Program (MERP) depending on the state's rules and the size of the estate, meaning they might not receive the full amount in the account; if there is a surviving spouse or dependent children, the state may not be able to recover any funds from the estate. 

Key points to remember:

Medicaid Estate Recovery:
When a Medicaid recipient dies, the state may try to recover some of the costs of their care from their estate, which includes money in their checking account. 

Exceptions:
Many states have exceptions to estate recovery, such as if the deceased has a surviving spouse, a child under a certain age, or a child with a disability. 

Consult an attorney:
To understand the specific rules in your state and how Medicaid estate recovery might affect your family's inheritance, it's crucial to consult with an elder law attorney. "

Source: AI browser search

I would not touch that money for a long while until you know for sure.
Helpful Answer (0)
Reply to Geaton777
Report

Was the person on Medicaid for health or in home services? With in home sevices, just like Longterm care in a NH, most states only allow this person to have 2k in assets. At time of death that 2k becomes part of the persons estate. If the acct has a POD (pay on death ) beneficiary/ies the money goes directly to the beneficiary/ies. Otherwise it gets dispersed according to probate. If under a certain amount of money, my state its 20k, you don't need to probate an estate. The money can be split between the children.

Not sure how Medical Medicaid would be. My nephew is allowed more than 2k in his acct but he is on Workbility Medicaid.

If the person has a home, that changes things. Medicaid can recover from the sale of a home after the recipient passes. They will put a lien on the house.
Helpful Answer (0)
Reply to JoAnn29
Report

Ask a Question
Subscribe to
Our Newsletter