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)