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Medicaid's Look-Back Rule Maine has a 5-year Medicaid Look-Back Period that immediately precedes the date of one's Nursing Home Medicaid or Medicaid Waiver application. This is a period in which Medicaid checks to ensure no assets were transferred for less than fair market value. This includes assets that were gifted.
Can Medicaid take my house? No, Medicaid will not take your home. Medicaid will also not force a spouse to move out of the house. Additionally, Medicaid cannot force you to sell your house as part of asset allocation, as long as you are specific on the application that a nursing home patient intends to return home.
Generally, an applicant's personal residence is an exempt asset, meaning it does not count against the applicant when eligibility is being determined, though it may be subject to estate recovery after death.
Income & Asset Limits for Eligibility 2023 Maine Medicaid Long-Term Care Eligibility for SeniorsType of MedicaidSingleIncome LimitAsset LimitInstitutional / Nursing Home Medicaid$2,742 / month*$10,000?Medicaid Waivers / Home and Community Based Services$2,742 / month?$10,000?1 more row ?
There are no asset limits. You can own a home, have savings, and still get MaineCare.
Call the Legal Services for the Elderly Helpline at 1-800-750-5353 to talk with an attorney for free. Remember: The State CANNOT try to collect any money it pays for your health care while you are alive. The State CANNOT take (or put a lien) on your house while you are alive.
In determining your eligibility for MaineCare benefits, MaineCare will not take into account your assets equal to amounts paid out under a qualifying long-term insurance policy.