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Old 12-26-2009, 12:28 PM
Excaliber Excaliber is offline
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My answer still stands, what part of it don't you get? We are NOT a Socialist country, which is precisely what this thread is all about. Thanks for asking, see my signature line...

He might have to wait five years after transferring assetts if he goes the Medicaid route, as one option. I THINK the basic requirements for Medicaid are:
Keep your house and furniture if you live in it, doesn't count against assetts.
Keep one car.
Assett's (bank account, savings, 401K, Life Insurance policy, other "monies") limited to $2,000
Tranfer of assett's will be include if they were transferred within the past five years from the time of application.

For Medicaid, you really do have to be really broke. For the regular hard working guy who fall's on hard times, he is in WORSE shape than the very poor. Yup, something is wrong with this insurance picture.