My husband is the executor of his uncle's estate. We live in New York. His uncle was on Medicaid for the last several months of his life. After he passed, we found out about an old work 401K he had, with approximately $28,000.
We have received the letter from Medicaid putting in a claim on his money, the bill for his medical expenses comes to about $78,000.
Question if anyone knows: is Medicaid entitled to the entire $28,000, or are you as the Medicaid beneficiary allowed to have a certain amount of money, say $14,000 that you are allowed to keep and still be entitled to Medicaid?
Sorry if that wording is confusing.
We have received the letter from Medicaid putting in a claim on his money, the bill for his medical expenses comes to about $78,000.
Question if anyone knows: is Medicaid entitled to the entire $28,000, or are you as the Medicaid beneficiary allowed to have a certain amount of money, say $14,000 that you are allowed to keep and still be entitled to Medicaid?
Sorry if that wording is confusing.