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How is stock treated when determining Medicaid assets?

Neonzeus asked:


Assume 100 shares of stock, purchased for $1 share many years ago. This stock is now worth $10 share.

I understand that the stock will be listed as an asset, but should it be listed as an asset at its actual value, or its value less the taxes that will be payable when its liquidated to pay for nursing home care?

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This entry was posted on Tuesday, February 16th, 2010 at 10:11 am and is filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “How is stock treated when determining Medicaid assets?”

  1. Max M Says:
    February 17th, 2010 at 3:19 pm

    It would be your profit minus the taxes.