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

In Kansas, there are several types of assets that are exempt from being counted when determining Medicaid eligibility. This means that these assets will not be taken into consideration when deciding whether or not someone qualifies for Medicaid. One type of exempt asset is the applicant’s primary residence. This is the house or apartment where the applicant lives and is not considered when determining eligibility for Medicaid. Other assets related to the primary residence, such as a car used to get to and from the residence, are also exempt. Life insurance policies and burial policies for the applicant and their spouse are also exempt assets, as long as the total cash surrender value does not exceed $1400. Additionally, any items of personal property, such as a wedding ring or furniture, are exempt from being counted when calculating Medicaid eligibility. Certain types of specialized equipment used by the applicant or their spouse are also exempt. These include adaptive equipment and medical devices, such as wheelchairs, that are necessary for the applicant to maintain their quality of life. Finally, certain types of trusts, such as special needs trusts, are also exempt from being counted when determining Medicaid eligibility in Kansas. Overall, there are several types of assets that are exempt from being counted when determining Medicaid eligibility in Kansas. By understanding these exempt assets, one can ensure that they are in compliance with the state’s eligibility requirements.

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