Typically, Medicare does not encompass extended care services. Hence, Medicare generally does not threaten your unencumbered ownership of your residence. Individuals in care facilities often finance their own care expenditure. Some exhaust their accessible financial resources and subsequently become eligible for Medicaid support.
For further details regarding Medicaid qualifications, consult your state’s official portal.
Post the enactment of the Omnibus Budget Reconciliation Act (OBRA) of 1993, imposing estate recovery became standard when the property owner:
– Depended on Medicaid after reaching 55 years of age.
– Vacated the real estate for indefinite care capacity, regardless of age.
– Lacks heirs with lawful entitlement to the property.
States are mandated to recover costs for custodial care, hospitalization, and medications in order to be granted federal Medicaid allocations.
