Limit for Benefit Eligibility – Impoverishment Test in Medicaid
We will discuss asset limits which are vital in determining financial eligibility for Medicaid. While income limits are easier to qualify for when determining if you are eligible for Medicaid, asset limits are another story. Comparatively speaking, it is much stricter. Generally, you can’t own assets that are worth more than $2,000 if you’re single and $3,000 if you’re married. However, there are resources that are exempt from this test. These include:
All your assets are included in this test before the exempt resources are subtracted.