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Thinking of using Medicaid for long-term care? Here’s how selling a home can affect eligibility.

“Can Medicaid penalize them if they sell their second home for the value of the mortgage, which is around $30,000?” reports washingtonpost.com. Medicaid will see what assets the patient has sold, given away or disposed of during the five previous years.But Medicaid wants to make sure that the patient has not given away assets that could be used for the care of the patient.
 
Source: washingtonpost.com



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