Posted on: 30th Mar, 2010 01:56 pm
Is the Reverse Mortgage credit line subject to Medicaid spenddown, or is it sheltered?...?
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
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