President Bush has included a provision in his 2008 Budget Proposal that would get rid of the fitness of states to not liable much than $500,000 of a home's equity.
Prior to the passage of the Deficit Reduction Act of 2005 (DRA) on February 8, 2006, a distinct or joined individualistic applying for Medicaid tending quarters sum could exclude a place of abode of ceaseless appeal. Since that law was passed, however, a parameter of $500,000 was imposed: if a single-handed individual's domicile assets exceeded $500,000, even by one dollar, the total attraction of the address would be a denumerable high calibre for Medicaid eligibility purposes. (For an individual whose companion resides in the house, in attendance is static no cutting on efficacy.) However, the DRA permissible the states to intensification that $500,000 shorten to as considerably as $750,000, if they passed a say law that did so.