Manual: Family and Children’s Medicaid
Change No: 02-12
To: County Directors of Social Services
Under section 6014 of the Deficit Reduction Act of 2005 (DRA), Medicaid will not pay for long-term care services for individuals whose equity interest in their home exceeds $500,000. These limits are increased each year by the percentage increase in the Consumer Price Index-Urban (CPIU). Effective January 1, 2012 the excess home equity limit is $525,000.
MA-3210, Verification Requirements for Applications, II. D. 14. & 15 – Excess home equity limit is updated.
Apply the new excess home equity limit to any applications or redeterminations taken or in process on or after January 1, 2012.
Remove: MA-3210, Verification Requirements for Applications, pages 3 and 4.
Insert: MA-3210, Verification Requirements for Applications, pages 3 and 4.
If you have any questions regarding this information, please contact your Medicaid Program Representative.
(This material was researched and written by John L. Benske, Policy Consultant, Medicaid Eligibility Unit)
For questions or clarification on any of the policy contained in these manuals, please contact your local county office.