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Does Medicaid Consider a Rental Apartment an Asset or Income?

  • December 13th, 2017
I have a second apartment that I rent out. I need Medicaid to pay for a short-term (one month) nursing home stay. Is the second apartment considered an asset or is the rent considered income?

Generally, Medicaid treats rental income as income. Also, the property will probably be excluded as a countable asset if it is a business property that is essential for self-support. However, you should check with your local Medicaid agency because some offices may treat rental property differently from others. The more difficult problem may be getting Medicaid to cover the nursing home for a single month. The system is cumbersome and set up for long-term placements. That’s another issue you can check on with the local Medicaid agency.

Local Elder Law Attorneys in Ashburn, VA

Mindy Felinton

Felinton Elder Law & Estate Planning Centers
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Hale Ball Carlson Baumgartner Murphy PLC
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Last Modified: 12/13/2017

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