What types of assets are exempt from being counted in determining Medicaid eligibility?

In Delaware, the types of assets that are exempt from being counted in determining Medicaid eligibility will vary depending on the type of Medicaid program. Generally, the exempt assets for most Medicaid programs include one primary residence, a vehicle, personal property, certain life insurance policies, burial plots, and certain annuities. The exempt assets for medically needy individuals may also include an additional home, additional vehicle, and other valuable resources such as certain trusts. In addition, certain income or resources which are withheld or not available to an applicant due to spousal impoverishment rules may also be exempt. This includes assets that are owned by the marital partner and held jointly or are otherwise under the control of the spouse. Finally, some assets may also be excluded from Medicaid eligibility if they are considered to be "deliberately disposed of," such as when an applicant sells property or gives away assets for less than fair market value in order to qualify for Medicaid benefits. In general, it is important to keep in mind that the asset limit requirements for Medicaid eligibility vary from state to state, and it is always best to consult a qualified and knowledgeable elder law attorney to learn more about what is and is not exempt in Delaware.

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What types of assets are exempt from being counted in determining Medicaid eligibility?

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