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You might be able to get a reverse mortgage, but the money you receive would have to be reported to Medicaid and might make you ineligible for assistance. It's worth consulting a lawyer experienced with Medicaid to see what $$ amounts would put you over the limit and what would be within a monthly spend-down if you took the money on a monthly payment stream. Not a do-it-yourself project once you are on Medicaid. If a lien has been placed for care already provided by Medicaid under your state's laws, you may not be able to get a reverse mortgage. Talk with an elder care lawyer and bring the paperwork you signed with you to get Medicaid.
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