NO. If you (or your spouse) reside in your home it remains your homestead and is not counted as a resource. Only when you can no longer live there does it become a resource. At the time of your death your house becomes part of your estate and will be used to help pay your creditors, including the Department of Social Services (DSS). When you receive Medicaid after the age of 55, DSS is entitled to recover the Medicaid expended on your behalf up to the value of your estate.
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