Can a Medicaid Recipient Keep Rental Properties?
My mother-in-law has recently been diagnosed with Alzheimer's disease. She owns two rental properties that bring in a good...
Read moreYou are probably right, but it depends on your state Medicaid agency. In general, the net income from the house must be paid to the nursing home (or half of the net income in your case, since you are a co-owner). You should be able deduct the expenses from the gross income to determine the net income. But check with your state Medicaid agency to be certain.
For more information on how Medicaid treats income, click here.
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My mother-in-law has recently been diagnosed with Alzheimer's disease. She owns two rental properties that bring in a good...
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My sister moved from out-of-state to live with our dad and care for him. She lived with him for more than two years, which...
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Where do I go to find something about retaining secondary health insurance while a senior citizen is in a nursing home? Me...
Read moreMedicaid Rules, etc