Social Security Report

Q & A

Does Selling Your House Affect Eligibility For Assisted Living?

Full Question: I’m a realtor who’s listing a client’s home. She is on Social Security and is moving into assisted-living housing. Will the proceeds from the sale of her home affect her eligibility for housing, which is based on her income?

Answer: This is an unusual question because assisted-living facilities typically do not have special eligibility criteria for low-income residents, experts say. In general, assisted living is privately funded, paid for by people with their Social Security benefits and other income, supplemented when necessary by other resources.  “It’s common to sell your home to finance your care,” says Maribeth Bersani, senior vice president of public policy at the Assisted Living Federation of America, a trade group. Read more…

Source: Michelle Andrews (Kaiser Health News) – July 11, 2014

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