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Is the Reverse Mortgage credit line subject to Medicaid spenddown, or is it sheltered?

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popalex Joined: 30 Mar 2010 Posts: 1 1.00 Dollars($)	Posted: Tue Mar 30, 2010 1:56 pm    Post subject: Is the Reverse Mortgage credit line subject to Medicaid spen Like 0 Dislike 0 Is the Reverse Mortgage credit line subject to Medicaid spenddown, or is it sheltered?...?
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Tue Mar 30, 2010 8:24 pm    Post subject: Like 0 Dislike 0 Hi popalex, As far as I know, taking out a reverse mortgage will affect your eligibility to receive Medicaid benefits. However, you can still qualify for such benefits if you meet certain criteria. Check out the given page in order to know about this: http://www.mortgagefit.com/reverse/medicaid-lifeestate.html _________________ Procrastination is the enemy of your financial success

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