Can a sale affect Medicaid or other benefits?
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The short answer
Yes. Sale proceeds can affect needs-based benefits such as Medicaid or SSI. Check with a benefits specialist before accepting an offer.
What to know
Yes. Sale proceeds can affect needs-based benefits such as Medicaid or SSI. Check with a benefits specialist before accepting an offer.
Before you decide
Eligibility rules vary by program and state. A payout may change the assets or income used to assess your eligibility. An elder-law attorney or benefits specialist can explain the timing and planning options for your circumstances.
General information, not tax, legal or financial advice. Rules and circumstances vary. Consult a qualified professional before making a decision.
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