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VM714va Asked July 2018

How does Medicaid work with a community spouse who has a monthly rent?

I know mortgage is not considered an asset when there is a spouse still living in the home and the other is in a nursing home receiving Medicaid. What about the couple who lives in an apartment with a monthly rent of $900? They’ve sold their home and have $100,000 in the bank to pay for rent for next 10 years of their life. Will Medicaid take this money? How can it be protected? Resides in Virginia.

JoAnn29 Jul 2018
From what I understand, they will take half of your savings for spouses care. You won't be left destitute. This is a question for Medicaid.

SnoopyLove Jul 2018
Oops, I see this question is a duplicate and was already answered.

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SnoopyLove Jul 2018
Bumping up.

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