Is Medicaid only available to financially needy individuals?
Yes, Medicaid is a need-based program, and there is an asset limit of just $2000. However, some things do not count, including your home with an equity limit that is significantly higher than the median cost for a single-family home in Cincinnati.
That’s the good news with regard to home ownership, but there is also some bad news. If you are in direct personal possession of a home at the time of your passing, Medicaid could place a lien on the property.