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How does Rental Income Producing Property work in Medicaid?

 

How does Rental Income Producing Property work in Medicaid?

Gainesville elder and special needs attorney discusses Rental Income Producing Properties, Medicaid and how they work together.

If You Need Legal Help

For any questions, or more information, contact the law firm of The Miller Elder Law Firm at (352) 379-1900.


“There are many different assets that we can plan for and advise you on as to how they’re going to count for Medicaid’s purposes. People don’t realize is: you can own rental income-producing property. There’s no limit. You could have a $500,000 property at the beach. As long as you have it rented out and it’s producing rental income that you are paying over to Medicaid, you can own that rental income-producing property, and it’s not going to count against you. It’s an exempt asset.”