What's considered an asset to medicaid?

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everglade Asked October 2017

What's considered an asset to medicaid?

Is property that's previously Quit Deeded to a relative considered an asset to Medicaid when a person qualifies for a Nursing home?

Elder Law Medicaid Paying for Care

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score 0 · Answer 1

If the quit claim was never registered and transferred so that relative was paying property taxes and insurance, it's a red flag.

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score 0 · Answer 2

Everglade, as for the Quit Claim deed, it all depends on when that change was made. If it was within the past 5 years, Medicaid might red flag it as a "gift".

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What's considered an asset to medicaid?

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