Eligibility for Medicaid, a government-funded healthcare program, is generally determined by financial need. Homeownership can impact this eligibility assessment, as a primary residence may be considered an asset. However, specific rules vary significantly by state and the particular Medicaid program in question. The treatment of a house as an asset often depends on its value and whether the applicant intends to return to it.
Understanding the relationship between homeownership and Medicaid eligibility is critical for individuals seeking healthcare assistance without having to liquidate all assets. Historically, Medicaid regulations sought to prevent individuals from sheltering assets while receiving benefits. Current policies often attempt to balance this concern with the need to provide healthcare access and prevent unnecessary displacement from one’s home. States implement different strategies to accomplish these goals, often through exemptions or limitations on the assessed value of a primary residence.
