Ohio Administrative Code
Title 5160:1 - Eligibility
Chapter 5160:1-6 - Long-Term Care
Section 5160:1-6-02.1 - Medicaid: home equity limit for individuals requesting or receiving medicaid payment for long-term care (LTC) services
Current through all regulations passed and filed through September 16, 2024
(A) This rule describes the treatment of the home equity limit for an individual requesting or receiving medicaid payment for long-term care (LTC) services.
(B) Definition. "Home equity limit" means the maximum amount of equity which an individual could have in the home and become or remain eligible for LTC services. The home equity limit of five hundred sixty thousand dollars will increase annually by the percentage increase in the consumer price index for all urban consumers (CPI-U) in accordance with section 5163.32 of the Revised Code.
(C) An individual shall not be eligible for LTC services when the individual's equity interest in the home, as defined in rule 5160:1-3-05.13 of the Administrative Code, exceeds the home equity limit.
(D) The home equity limit does not apply to an individual when any of the following persons are lawfully residing in the individual's home:
(E) The home equity limit is applicable even when an individual is a recipient of qualified long-term care partnership (QLTCP) benefit payments, as described in rule 5160:1-6-02.2 of the Administrative Code. A QLTCP exclusion cannot offset or reduce home equity for the purposes of this rule.
(F) An individual who has been in receipt of LTC services since before January 1, 2006, without a break in eligibility for such services, is not subject to the home equity limit.
(G) The individual will not be subject to a denial or discontinuance of LTC services because of the home equity when the individual demonstrates that the denial or discontinuance will result in an undue hardship.
(H) Nothing in this rule shall be construed as preventing an individual from using a reverse mortgage or home equity loan to reduce the total equity interest in the home.