What can I keep?

Medicaid allows an individual to keep the following assets referred to as "unavailable" or "non-countable" assets:

  • $2,000.00 in cash and cash equivalents
  • Home (owned by an individual and not a Trust)
  • Car
  • Prepaid funeral planning of up to $10,560.00
  • Life insurance with a face value of $1,500.0 or less
  • Rental property that earns at least 6% of its equity value per year in rental proceeds
  • Personal property

Medicaid allows a married couple to keep the following assets:

  • $2,000.00 in cash and cash equivalents
  • CSRA $19,020.00 up to $95,100.00
  • Home (owned by an individual and not a Trust
  • Car
  • Prepaid funeral planningof up to $10,560.00
  • Life insurancewith a face value of $1,500.00 or less
  • Rental property that earns at least 6% of its equity value per year in rental proceeds
  • Personal property
  • Single Premium Immediate Annuity (Medicaid Qualified Annuity)