With a married couple, a personal chateau (home) grant is total in value. So we can feel giveaway to flow income into repairs OR upgrades but worrying about it being deemed a penalty-causing gift. After all, if we so preferred we could sell your home and buy a million-dollar mansion, and that new home would be 100% exempt. So clearly an ascent to your existent home will not beget any penalties.
Note that for a singular (unmarried) chairman requesting for Medicaid, there is indeed an top extent of a value of a home’s equity that can be free for Medicaid eligibility purposes: $543,000, and in some states as high as $814,000.
Article source: http://medicaidsecretsforum.com/showthread.php?tid=894