Upgrading Your Home For Medicaid Qualification
Can Money be used to Upgrade for Medicaid Qualifications?
A Gainesville elder law attorney discusses using home improvements to qualify for Medicaid. What happens if you plan to go into a nursing home, with the intention to have your home remodeled while you are away to accommodate for your needs and handicaps?
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“Some of the other things that people do is they don’t realize it, but there are ways that they can make their homestead more livable. For example, if I need to go into a nursing home, I have every intent to return to my homestead property, but I need to modify it. I need to put in handicapped-accessible bathtubs or what have you. Your money can be used to provide for those types of upgrades, or if you want to pay off your mortgage so you can get qualified for Medicaid–even if it’s in the short term–and eventually if your plan is to return home and you improve, then that will be a place that you can actually return to. Improvements to homestead, fixing the roof, all of those things, you can take that $100,000 and perhaps park some of the money in that way.”