Home Equity Limit 510-05-70-27

(Revised 11/1/06 ML #3047)

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(N.D.A.C. Section 75-02-02.1-27)

 

The Deficit Reduction Act of 2005 established limits on the home equity an individual may have and still qualify for coverage of nursing care services through Medicaid.  

 

Applicants or recipients who apply for Medicaid coverage on or after January 1, 2006 are not eligible for coverage of nursing care services (which include HCBS) if the individual’s equity interest in the individual’s home exceeds $500,000. The applicant or recipient may, however, be eligible for other Medicaid benefits.

 

This provision does not apply if one of the following individuals lives in the home:

  1. A spouse;

  2. A son or daughter who is under age twenty-one; or

  3. A son or daughter of any age who is blind or disabled.