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Even though he owns a home in NJ?

His home is an medicaid exempt asset IF it’s his homestead.
If he now lives in NYS, the NJ property becomes nonexempt asset.
Non exempt assets limited to 2k under LTC Medicaid.
Its as Guestshoppe wrote “too much in assets”

For him to go onto Medicaid, NJ Property will need to be sold & sold at or as close to tax assessor or FMV. Or appraisal value - if it’s appraisal comes in significantly below current assessor value, you might want to inform Medicaid via certified letter with return registered receipt postcard as to the lower listing price. (This is a CYA move for you just in case there’s blowback afterwards).

Some states allow for out of state property IF the move was due to a federally approved disaster or its currently under MLS type of Realtor listing agreement to be OK as an nonexempt asset for a period of time. So no FSBO nonsense. It is expected to sell and then $ used to private pay or reimburse medicaid for costs to date. It depends on your states program as to what’s what.

Real property transfer are recorded to the penny at the courthouse, so Medicaid in either state will know the figure it was sold for and to whomever transferred to. All property costs will need to be paid by family and they should not expect to be easily paid from the proceeds of the sale as Medicaid will look upon $ paid to a person as “gifting” & not allowed.

Yeah, the rules are stark. If the NJ property has issues to ever sell or sell within say 3-6 months, it might be simpler to have him stay a NJ resident and apply for NJ LTC Medicaid & just keep all paperwork and legal for how NJ operates.

There is a poster on AC who has dealt & is dealing with NJ Medicaid, hopefully she’ll post her insight on the garden state.
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Reply to igloo572
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Certainly, he can apply. You will want to consult an attorney about how to organize his assets for the application.
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Reply to Marcia7321
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He can apply but he won’t qualify in New York. The house in NJ will not be an exempt asset in NY and he will have too much in assets.
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Reply to Guestshopadmin
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