What is Medicaid eligibility?

Medicaid eligibility is determined by the state of California, and it is based on income and assets. In order to qualify for Medicaid in California, you must be at least 65 years or older, blind or disabled, a citizen of the United States, live in California, and meet the financial eligibility requirements. The financial requirements for Medicaid eligibility in California include an income limit of $2021 per month for an individual and $2729 per month for a couple. In addition to income limits, assets must also be counted when determining Medicaid eligibility. Assets include money in bank accounts, cash value of any life insurance policies, stocks, bonds, and real estate. In California, people must have assets totaling less than $2,000 in order to qualify for Medicaid. It is important to note that homes and cars are not counted when determining eligibility; however, if you own a home it may be included if its value is more than $595,000. It is best to consult a qualified Elder Law attorney before attempting to qualify for Medicaid to ensure that all the criteria are met and that it can be properly documented.

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