|
||||||||
Social Security & Medicare Questions Q: My husband is a nursing home patient. Medicare did not cover the bills and we did not have nursing home insurance. Now I have to file for Medicaid. I own a home in my name only from a previous marriage. Will it be considered when determining my husband's eligibility? A: In determining your husband's eligibility for Medicaid, officials pool all "non-exempt" assets of the married couple, including property and cash you own from a previous marriage. Exempt resources include a home of any value. If the home from the previous marriage is your primary home (meaning the one you reside in for most of the year), it is exempt. If it is a second home, then it is pooled to determine non-exempt assets. Since you are allowed to exempt a home of any value, if you own two homes, it stands to reason you may want to exempt the home of the highest value. In order to determine if this is possible and what you must do, get professional legal advice. This article first appeared in Volume 4, Issue 9 of "The Social Security and Medicare Advisor" newsletter (September/1999). To receive future editions of "The Advisor" in its special, free e-mail version, please click here. | ||||||||
|
|
||||||||
