A: Depending on the program, there are either premiums or recoveries of spent funds. Each situation is different, so consult with John Spek for “specific to you” details.
- Medicare has a premium:
- for Part B, the Medical coverage, that can revise annually, and is based on your income
- some people will pay for Part A, because they have not qualified for full benefits
- Medicare Parts A and B must require repayment of monies it paid for healthcare if you recieve a settlement - it is called “Medicare Recovery”
- Medicaid can require you to spend income to become qualified for it’s program – it is called “Medicaid Spend Down”
- Medicaid must require repayment of monies it paid for advanced health care from the estate. It is called “Estate Recovery”