{"id":1018,"date":"2019-03-21T00:00:00","date_gmt":"2019-03-21T00:00:00","guid":{"rendered":"https:\/\/www.downsizingindy.com\/2019\/03\/21\/myths-of-medicaid-theyre-going-to-take-my-home\/"},"modified":"2020-05-14T16:52:53","modified_gmt":"2020-05-14T16:52:53","slug":"myths-of-medicaid-theyre-going-to-take-my-home","status":"publish","type":"post","link":"https:\/\/www.downsizingindy.com\/myths-of-medicaid-theyre-going-to-take-my-home\/","title":{"rendered":"Myths of Medicaid: \u201cThey\u2019re Going to Take My Home\u201d"},"content":{"rendered":"<p>&#8211;<em>by Jeffery D. Stinson of Stinson Law Firm, LLC, CELA*\u00a0<\/em><\/p>\n<p>Probably one of the most common misconceptions with the Medicaid program is that by becoming Medicaid<br \/>\neligible, the State of Indiana or some agency thereof will \u201ctake\u201d the recipient\u2019s home. The fact of the matter is that<br \/>\nvery rarely is a home or any type of real estate a barrier to Medicaid eligibility.<\/p>\n<p><strong>Exempt Real Estate<\/strong><\/p>\n<p>Typically, real estate does not count toward the recipient\u2019s maximum resource limit (asset limit). The following<br \/>\ntypes of real estate are exempt under the Medicaid program:<\/p>\n<p>The home[1] if it is the principal residence of the recipient or the recipient\u2019s spouse, minor child, adult disabled<br \/>\nor blind child, or parent if recipient is a minor.<\/p>\n<ul>\n<li>\u00a0Income producing real estate where the income is greater than the expenses of ownership. Income producing<br \/>\nreal estate must also receive fair market rent in order to avoid a transfer of assets penalty (see transfer section<br \/>\nbelow).<\/li>\n<li>Real estate used to produce food for home consumption.<\/li>\n<li>Burial plots.<\/li>\n<li>Real estate owned in the sole name of the non-recipient spouse.<\/li>\n<li>Real estate owned jointly with rights of survivorship where the joint owner is not willing to sell the property.<\/li>\n<li>Real estate offered for sale or for rent.<\/li>\n<\/ul>\n<p><strong>Exempt Real Estate Transfers<\/strong><br \/>\nThe home can sometimes be transferred out of the Medicaid recipient\u2019s name to other individuals as well. In<br \/>\ngeneral, Medicaid law discourages individuals from certain transfers of assets to meet the maximum resource<br \/>\nlimit. A person who gives away an asset (or sells it for less than it is worth) may be determined to be ineligible for<br \/>\nMedicaid coverage for nursing home or equivalent Home &amp; Community Based Services for a period of time. This<br \/>\nperiod of ineligibility is known as the transfer \u201cpenalty period.\u201d In some circumstances, however, real estate can<br \/>\nbe transferred out of the recipient\u2019s name free of a transfer of assets penalty.<\/p>\n<p>The following transfers of real estate are exempt from the transfer of assets penalty under the Medicaid program:<\/p>\n<ul>\n<li>The transfer to a spouse.<\/li>\n<li>The transfer of the home to a child under the age of 21 years or a child who is blind or disabled.<\/li>\n<li>The transfer of the home to a sibling who also has an equity interest in the property and who has lived in the<br \/>\nproperty more than one year.<\/li>\n<li>The transfer of a home to a child who has lived in the home for at least two years and provided care that kept<br \/>\nthe recipient out of institutionalized care during this time period.<\/li>\n<li>The transfer of any real estate to a person under the age of 65 with a disability or to a Special Needs Trust for<br \/>\nthat person.<\/li>\n<\/ul>\n<p><a href=\"http:\/\/stinsonelderlaw.com\/wp-content\/uploads\/2017\/04\/Myths-of-Medicaid-Going-to-Take-Home.pdf\" class=\"broken_link\">Continue Reading<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8211;by Jeffery D. Stinson of Stinson Law Firm, LLC, CELA*\u00a0 Probably one of the most common misconceptions with the Medicaid program is that by becoming Medicaid eligible, the State of Indiana or some agency thereof will \u201ctake\u201d the recipient\u2019s home. The fact of the matter is that very rarely is a home or any type [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","pmpro_default_level":0,"footnotes":""},"categories":[416,418,513,220,514,515,516,471],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Downsizing Indy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.downsizingindy.com\/myths-of-medicaid-theyre-going-to-take-my-home\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Myths of Medicaid: \u201cThey\u2019re Going to Take My Home\u201d - Downsizing Indy\" \/>\n<meta property=\"og:description\" content=\"&#8211;by Jeffery D. Stinson of Stinson Law Firm, LLC, CELA*\u00a0 Probably one of the most common misconceptions with the Medicaid program is that by becoming Medicaid eligible, the State of Indiana or some agency thereof will \u201ctake\u201d the recipient\u2019s home. The fact of the matter is that very rarely is a home or any type [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.downsizingindy.com\/myths-of-medicaid-theyre-going-to-take-my-home\/\" \/>\n<meta property=\"og:site_name\" content=\"Downsizing Indy\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-21T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-14T16:52:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.downsizingindy.com\/wp-content\/uploads\/2020\/05\/medicare-square-logo-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Lisa Treadwell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lisa Treadwell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.downsizingindy.com\/myths-of-medicaid-theyre-going-to-take-my-home\/\",\"url\":\"https:\/\/www.downsizingindy.com\/myths-of-medicaid-theyre-going-to-take-my-home\/\",\"name\":\"Myths of Medicaid: \u201cThey\u2019re Going to Take My Home\u201d - Downsizing Indy\",\"isPartOf\":{\"@id\":\"https:\/\/www.downsizingindy.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.downsizingindy.com\/myths-of-medicaid-theyre-going-to-take-my-home\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.downsizingindy.com\/myths-of-medicaid-theyre-going-to-take-my-home\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.downsizingindy.com\/wp-content\/uploads\/2020\/05\/medicare-square-logo-2.png\",\"datePublished\":\"2019-03-21T00:00:00+00:00\",\"dateModified\":\"2020-05-14T16:52:53+00:00\",\"author\":{\"@id\":\"https:\/\/www.downsizingindy.com\/#\/schema\/person\/40bb6884820d8a4ad21604b42887d323\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.downsizingindy.com\/myths-of-medicaid-theyre-going-to-take-my-home\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.downsizingindy.com\/myths-of-medicaid-theyre-going-to-take-my-home\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.downsizingindy.com\/myths-of-medicaid-theyre-going-to-take-my-home\/#primaryimage\",\"url\":\"https:\/\/www.downsizingindy.com\/wp-content\/uploads\/2020\/05\/medicare-square-logo-2.png\",\"contentUrl\":\"https:\/\/www.downsizingindy.com\/wp-content\/uploads\/2020\/05\/medicare-square-logo-2.png\",\"width\":400,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.downsizingindy.com\/myths-of-medicaid-theyre-going-to-take-my-home\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.downsizingindy.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Myths of Medicaid: \u201cThey\u2019re Going to Take My Home\u201d\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.downsizingindy.com\/#website\",\"url\":\"https:\/\/www.downsizingindy.com\/\",\"name\":\"Downsizing Indy\",\"description\":\"We are advocates of dignified aging.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.downsizingindy.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.downsizingindy.com\/#\/schema\/person\/40bb6884820d8a4ad21604b42887d323\",\"name\":\"Lisa Treadwell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.downsizingindy.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ea292b41ce58238f9357ae2a24d04e02?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ea292b41ce58238f9357ae2a24d04e02?s=96&d=mm&r=g\",\"caption\":\"Lisa Treadwell\"},\"sameAs\":[\"https:\/\/www.downsizingindy.com\"],\"url\":\"https:\/\/www.downsizingindy.com\/author\/l_treadwell\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Downsizing Indy","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.downsizingindy.com\/myths-of-medicaid-theyre-going-to-take-my-home\/","og_locale":"en_US","og_type":"article","og_title":"Myths of Medicaid: \u201cThey\u2019re Going to Take My Home\u201d - Downsizing Indy","og_description":"&#8211;by Jeffery D. 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