Can a House With Little Equity Count for Benefits? | NC

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Q: Can a house with little equity count as an available asset for long-term care benefit eligibility? A: Yes. In North Carolina Medicaid long-term care cases, a house with little equity can still count if the applicant owns a legal interest that can be sold, borrowed against, or otherwise used for support. The county usually looks at the applicant’s net equity, meaning the value of the home…