medicaid and the home
My mother is in a nursing home and not expected to return home. Her insurance runs out in 10 months and she will apply for Medicaid. Cash assets are gone. We understand that she can keep the home and $2000 in other assets under Medicaid rules. First, if we rent the home out can she still keep it so when she passes it will go to the children - or if rented will Medicaid consider it an asset like cash? Secondly, if we dont' rent it, can we have someone just live in it and pay utilities, then will it be okay under Medicaid? Can medicaid expect the home to remain vacant for what could be years??
1 Answer from Attorneys
Re: medicaid and the home
Contact the people at medicaid and look at their web site. These are common questions and they will havethe answers for you.
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