For applications for Medicaid, if the equity value in the home exceeds $500,000, the individual is ineligible for Medicaid to cover long term care, unless the individual or his spouse or minor child or blind or disabled adult child lives in the home.
Income limits
The monthly income limit is $903 for one person or $1,215 for a family of two who is aged, blind or disabled and wants full Medicaid coverage.
Special notes
Medicaid rules are very complex; you should check with your nearest Medicaid office for detailed information.