Here is an article on Reverse Mortgages. It really only points out the issues and advises consulting an Elder Law Attorney. Complex questions on reverse mortgages Realty Q&A – MarketWatch
This is good advice. Reverse mortgages have their place and can be a great tool when necessary. Alternatively, they are often pushed on people who don’t really need or want them, sometimes along with bad investment advice (by disreputable brokers and advisors – good advisors would not do that). You need to understand your situation and your goals and get good advice to know if a reverse mortgage is right for you. There are ways to plan for Medicaid, but they must also be done in consultation with an Elder Law Attorney who can advise you on the rules and issues facing you.