Instead of paying rental $700/mth, I'd decided to buy a low cost house. Does it effect my kids' medicaid?

Question

I've very good credit, full employment, 2 kids of 2 yrs and 4yrs, single mom.

Answer 1

When you rent it is the only expense for housing (except utilities) there are many expenses in owning a house, Maintenance, taxes, and other unexpected expenses.  Think very had about this decision.

Answer 2

http://www.cms.hhs.gov/MedicaidGenInfo/

It may...assets are one variable that is considered when determining eligibility.  Remember your costs will increase with home ownership, property taxes, utilities, maintenance.  Do a budget and figure out what you can afford.  Also talk to an administer of medicaid to ensure you will not lose benefits.  I administer a trust for a relative on SSI...home ownership directly would deny her benefits.