Question

In Connecticut, is it true that my house is exempt when I apply for home care?

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Answer

The equity in your house is protected while you or your spouse resides there as long as the equity in your home is $814,000 or less. If you transfer ownership of the house while you are receiving Medicaid, you will lose your eligibility to receive Medicaid payment for your care.

Upon your death, if your spouse is not residing in the house, the government will recover from the proceeds of the house sale all of the Medicaid paid on your behalf up to the value of your home.

An experienced elder law attorney can assist you is establishing an estate plan that protects your home from Medicaid recovery.

 

Answered 06/24/2014

Disclaimer: This answer was provided by an attorney selected to Super Lawyers, and is intended to be an educated opinion only. This answer should not be relied upon as legal advice, nor construed as a form of attorney-client relationship.

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