Medicaid Planning: Protection of Principal Residence

age.gif

Your principal residence can be entitled to a certain amount of protection for Medicaid purposes during your lifetime. Nevertheless, in certain cases, the state may be entitled to seek reimbursement for Medicaid payments by forcing the sale of your principal residence. For that reason, a nursing-home resident (or an individual who expects to be a nursing-home resident in the future) is often concerned with protecting his or her family house from the state.

Complete Article