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The fact is that asset limits have been removed for many food stamp programs (SNAP) in most states although income limits remain. (For a list of state asset limits go here: http://assetlimits.newamerica.net/content/asset-limits-your-state)
Similarly, there are senior housing programs with income limits, but no asset limits.
So the answer to your question is yes, you can probably gift the proceeds from the sale of your home to your children without jeopardizing your benefits. Keep in mind, however, that if you apply for Medicaid Long-Term Care benefits within five years of such a gift, you may be penalized and have to wait before receiving benefits.
I can't imagine why you would want to gift assets to your children when the likelihood is that you will need these funds yourself. If there is residual at your demise let them have it then.
However, if you are adamant about making gifts, I would encourage you to first talk to an advisor familiar with Medicaid eligibility for Long-Term Care so as to find a transfer strategy that will not harm you if you require Medicaid Long-Term Care benefits.
Now I am up!!!! Good morning to all :-)