Estate Recovery Partners

Estate Recovery Partners (E.R.P.) Provide Options

Surviving family membERS BEAR THE BURDEN OF ADDRESSING THEIR LATE LOVED ONE'S MEDICAID DEBTS.

Estate Recovery Partners are proud to offer the following services both to ease this burden and to fulfill their family obligation to their state Medicaid office:

1. Professional Connections to Top Local Real Estate Agents

• Estate Recovery Partners will connect the family to a local top producing real estate agent with availability to list their loved one’s home

2. Consultative Approach with Third Party Firms

• Estate Recovery Partners will connect the family with two of our affiliated firms that will bid to purchase the home directly from the family. (These are typically referred to as “cash for homes” bids and are often favored by families as they happen very quickly)

3. Introduction to E.R.P. Specialized Mortgage Affiliates

• Estate Recovery Partners will connect the family member to whom the property was passed to a specialized mortgage professional that may offer financial options to pay the Medicaid lien while ultimately retaining the property for the family

Frequently Asked Questions

What does Estate Recovery Partners need to start work recovering Medicaid funds for my state?

• The permission and cooperation to establish a pilot program (a simple start of 25 homes with Medicaid leins) to assess best practices within your state.

• Introduction to your specific state Medicaid administrators in order to integrate this pilot program

How does Estate Recovery Partners get paid and who pays?

•Estate Recovery Partners are compensated for ongoing services in either of the following ways:

• Given a % referral fee from the referred real estate agent upon transaction closing or

• Given a finder’s fee from the Direct Home Purchase firm or Specialized Mortgage firm

• Medicaid states do not pay Estate Recovery Partners for their ongoing services

• The family to whom we offer services does not pay Estate Recovery Partners for their services

• Upon establishing a pilot program, Estate Recovery Partners may request a one-time administrative fee for initial set up beyond the original pilot program

What Brings Estate Recovery Partners to the Medicaid Space?

A Little Bit of Our History:

• After establishing a solid business model of serving corporate clients, we turned our gaze toward partnering with state governments and began to brainstorm what we could bring to the table.

• We recalled that one of our very first clients was a family that had state Medicaid debt and we helped to settle their debt by finding them a great realtor to sell their deceased loved one’s home.

• When our research revealed the size of this type of market – we knew that we could bring our services to bear and partner with any Medicaid state.

A review of the Medicaid Estate Recovery Program (M.E.R.P.)

Medicaid Estate Recovery is a federally mandated program that requires states to seek repayment of costs for medical assistance from the estates of certain deceased Medicaid recipients. Toward this end, for seniors with real estate, Medicaid liens are placed upon that home.