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Medicaid estate recovery is a required process under United States federal law in which state governments adjust (settle) or recover the cost of care and services from the estates of those who received Medicaid benefits after they die. By law, states may not settle any payments until after the beneficiary's death.
Paying for long-term care can potentially be a significant financial challenge. For example, the median annual bill for a semi-private room in a skilled nursing home was $94,900, according to the ...
The Ohio Department of Aging is the administrative department of the Ohio state government [2] responsible for delivery of services and support that improves and promotes quality of life and personal choice for older Ohioans, adults with disabilities, their families and their caregivers.
Medicaid is a government program in the United States that provides health insurance for adults and children with limited income and resources. The program is partially funded and primarily managed by state governments, which also have wide latitude in determining eligibility and benefits, but the federal government sets baseline standards for state Medicaid programs and provides a significant ...
Aug. 3—A recent Dayton Daily News investigation revealed that the state of Ohio has collected more than $366 million through the estate recovery program since 2017, including about $87.5 million ...
As of January 1, 2013, the state of Ohio no longer imposes an estate tax on the transfer of assets from resident decedents (or on Ohio assets of nonresidents). In previous years the rates and amounts varied. The 2012 tax rates are shown in the table below. Because of tax credits, the effective lower limit on taxable estates was $338,333.
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