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Is My Home Exempt from Medicaid?

Many people have heard that their home is exempt from Medicaid if they are applying for Medicaid.  In fact, this statement is quite misleading.

If your situation is that you’re applying for Medicaid home care, and you’re living in your own home, Medicaid is probably not going to count the value of your home as a Medicaid resource at that time.  Therefore it will not be an obstacle, nor will it cause you to be ineligible for Medicaid.

However, there will come a time when your home is no longer your primary residence.  This would happen if you should move in with your children, move to an assisted living or a nursing home, or if you died.

At any of these points, your home is no longer your primary residence, and at that point it will lose whatever exemption it may have had.  Then it will be subject to a claim by Medicaid for reimbursement for any expenses that Medicaid may have incurred on your behalf.

In fact, Medicaid services may use up some or all of the equity in your home.  That’s why in most cases, we would advise our clients to transfer ownership of their home so it is not exposed to a future claim by Medicaid.   In most cases the home can be transferred to another person, often times to a trust.

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