Adult Medicaid Manual MA-2242HOME EQUITY VALUE & ELIGIBILITY FOR INSTITUTIONAL SERVICES

REVISED 01/01/12 – CHANGE NO 02-12

I. INTRODUCTION

For applications for institutional services taken on or after January 1, 2012, the individual’s equity interest in his or her home cannot exceed $525,000. This also applies to future redeterminations of these applicants. See MA-2240, Transfer of Assets, III. for a definition of institutional services. This does not apply to applications for in-home health services and supplies.

The home equity provision does not apply to individuals who:

A. Applied and were determined eligible before November 1, 2007, and have no break in institutional services eligibility after November 1, 2007,

or

B. To a re-open termination when the date of application is prior to November 1, 2007. See MA-2304, Processing the Application.

This section explains the policy and procedures for determining home equity disqualification.