Medicaid Home Owner Maximum Equity Improvement Act or the Medicaid HOME Improvement Act
This bill amends title XIX (Medicaid) of the Social Security Act to disallow a state from using, for purposes of determining Medicaid eligibility for long-term care assistance, a home equity limit that exceeds the statutory minimum.
Current law allows a state Medicaid program to set its maximum home equity limit at any amount between a specified range. The bill disallows a program from setting its limit above the amount that represents, under current law, the bottom of that range.