✉news BusinessPersonal Finance first seen 6 h ago, last 1 h ago, peak #6
Medicaid Treats Unpaid Family Loans as Gifts for Eligibility
Original: He Did Not Give His Son $35,000. He Lent It, Then Stopped Asking for It Back, and Medicaid Treats Those as the Same Thing
A father who lent his son $35,000 and then stopped collecting repayments is facing a harsh Medicaid reality: under the program's rules, an unpaid loan to a family member can be treated as a gift. That can trigger a penalty period of ineligibility for long-term care coverage, even though the money was never intended as a donation. Commentators are warning families to document loan terms and demand repayments before applying for benefits.
Why now: Families are alarmed that common informal lending within families can jeopardize Medicaid long-term care eligibility.
Rank over time, top of the chart is #1. 5 snapshots from 6 h ago to 1 h ago.
Evidence
- He Did Not Give His Son $35,000. He Lent It, Then Stopped Asking for It Back, and Medicaid Treats Those as the Same Thing · 24/7 Wall St.
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