What assets and income are considered when determining Medicaid eligibility?

Published On: 03/08/2018

The following types of assets are considered when determining eligibility for Medicaid benefits:

  • Cash
  • Investment accounts
  • Savings bonds
  • Stocks
  • Annuities (with some exceptions)
  • Life insurance with cash value
  • Real property other than one's primary residence 
  • More than one automobile
  • Business assets

The government will also consider ALL forms of income, including but not limited to the following:

  • Retirement pension benefits
  • Social Security benefits
  • Annuity income
  • Gifts 
  • Retirement account distributions (e.g. IRAs, 401Ks, etc.)
  • Income from businesses including rental properties

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Post Author

Britt Stouffer

Britt L. Stouffer is a Maryland attorney experienced in Estates, Trusts, and Elder Law. With over 10 years of experience in Estates and Trusts, she has learned to appreciate how unique each client truly is. On a typical day, you will find her working on Wills, Revocable Living Trusts, Powers of Attorney, Advance Medical Directives, Tax Planning cases, Estate Administration filings, Petitions for Guardianships, Special Needs Planning, and Asset Protection.

658 Kenilworth Dr., Ste. 203, Towson, MD 21204

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