The Home

Currently, the home is considered exempt if the Medicaid applicant has an “intent to return” home.  However, pursuant to new federal law, there is a limit on the amount of equity the applicant can have in the home.  The general rule is that if the Medicaid applicant has over $500,000 in equity, Medicaid eligibility will not be granted.  There is an exception if a spouse or disabled child continue to live in the home.