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it depends on the type of medicaid that
you are applying for so new york has two
forms of medicaid generally and on top
of that the law is constantly changing
new york has a community medicaid
program where
we have a homestead exemption that
your home is protected up to a certain
degree
however if we’re talking about what’s
called long-term care medicaid such as a
nursing home or any form of long-term
care facility where you’d be living six
months or more permanently yes it
absolutely will affect your home
ownership and moreover if you don’t take
the necessary steps to protect your home
through a proper medicaid asset
protection plan
they will be able to lean your property
after you pass
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NY estates planning & probate attorney Russel Morgan, Esq. explains how applying for Medicaid can put your home at risk.