Find Senior Care (City or Zip)
Join Now Log In
A
AuntJane6 Asked March 2015

If my house is put in my name, will I lose my Medicaid?

My home was purchased for me by dear friends, but left in their name. We are discussing putting the home in my name. Its value is much less than the $50,000 I have seen as a limit. Will the acquisition of property, which would continue to be my primary residence, jeopardize my Medicaid eligibility?

pamstegma Mar 2015
NO ! Don't even think of doing that!! Medicaid will claim the asset.!! And the tax implications would be HUGE! That would be a very large and taxable gift!!

ADVERTISEMENT

Ask a Question

Subscribe to
Our Newsletter