Kevin C. asked
520.019(J) from Massachusetts LTC Medicaid regulations states that proceeds from a home equity loan or a reverse mortgage transferred in the month of receipt will be considered a disqualifying transfer of resources if transferred for less than fair-market value. What HECM loan proceeds are transferred in a subsequent month? Additionally, if a reverse mortgage becomes due and payable when all title is transferred, would retaining a life estate mean that not all title would be transferred?
August 7th, 2023
Matthew B. answered
The regulation focuses on transfers made in the same month as receipt of the funds because eligibili...
August 7th, 2023
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