Keyword Analysis & Research: selling house before applying for medicaid

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Frequently Asked Questions

Does selling your home affect Medicare?

Selling may not affect premiums. In some cases, selling your home may not affect your Medicare premiums at all. This is because tax laws often allow a large exclusion on the sale of your final home. And by final home, it is assumed that you will not be investing the proceeds from the sale into another house.

Can Medicare take my home?

Medicare would never, under any circumstances, try to take the home of an individual. For elderly individuals who must spend a long term stay in a nursing facility, it is often a prudent move to deed out the house to a close relative more than 60 days before they leave for the nursing facility.

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