Can extra assets go into your home?

So one of the options that we usually will look to is whether there’s an opportunity for purchasing excluded assets. So a homestead is considered an excluded asset, and if the community spouse lives there, then they get to keep the homestead for the rest of the time that the community spouse lives there. It’s not counted as an available asset. So a really good opportunity there if there are excess assets over the medical assistance eligibility limit would be to either make improvements to the existing homestead. So I mentioned that we may have a client who hasn’t done anything to their home in the last 20 years because they already did not have a lot of money, and they were looking at saving their pennies.

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