What assets can you keep and still qualify for Medicaid?

https://www.elderlawcolorado.com/blog/2022/05/what-assets-can-you-keep-and-still-qualify-for-medicaid/?dcmp=facebook%3Apsocial%3A2438241%3A80111%3AEBP%3A7%3AFL2201%3Aen

Exempt assets

However, not all assets are “countable,” meaning they do not all count toward the resource limits. Some of the most common examples of exempt assets that Medicaid will not take into account include:

• Your home (though there are exceptions)


• One vehicle you or a member of your household uses


• Wedding and engagement rings


• Personal property


• Prepaid funeral plans


• Medical equipment

The value of these properties generally will not count toward the resource limit. 

Non-exempt assets

Almost everything else will typically count as resources. Assets that are countable can include:

• Cash


• Investments


• Savings


• IRAs


• Annuities


• Cash surrender value of life insurance


• Additional motor vehicles


• Recreational vehicles


• Non-primary residences


• Stocks and bonds

These assets will impact Medicaid eligibility if they add up to more than $2,000 (if you are single) and $138,000 (if you are married).

read that last line again, carefully