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Published on Sep 13, 2017
No, you won’t have to sell your house to qualify for assistance through the state Medicaid program, which in Arizona is called Arizona Long Term Care System, or ALTCS. In most situations, your house is what ALTCS considers to be a non-countable asset, meaning you can keep the asset and still qualify for long-term care benefits. However, even though you don’t have to sell the house while you are alive, ALTCS will put a lien on the house and get its money back after you pass away. ALTCS will release the lien if a spouse survives you after you pass away. But if you pass away first, or if you are single, then ALTCS will enforce the lien after you pass away. Also, if you sell the house while you are still alive, the proceeds from the sale of the house are countable assets, and will make you ineligible for ALTCS benefits, even if you were already receiving benefits. The home lien can be a trap for the unwary, so make sure you are working with someone who is very knowledgeable in all of the rules regarding qualifying for ALTCS benefits.
Visit our website at www.heritagelawaz.com or call us at (520) 529-4000 to learn more.