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Rental Property

Rental Property and Medicaid

Rental Property is a common issue with Medicaid Planning. Some applicants may have a rental property. Medicaid does not treat the property itself as an asset, only the income from the net rental amounts. This means the gross rent, minus the HOA, mortgage and any other costs is then counted as income for the applicant. The purchase of a rental property is also a Medicaid Strategy in that a countable asset as money, is transferred into a non countable asset as a rental home. The hard part is the Recovery associated with the rental property. An extra step needs to be taken...

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