What assets and income are considered when determining Medicaid eligibility?

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 

Call (443) 470-3599 today and schedule a consultation with one of our experienced Maryland Estate Planing Attorneys to learn more about Estate or Elder Law and how we can help you.