Medicaid/Medi-Cal and LTC

Question 1

What the are financial requirements for qualifying of Medi-Cal LTC?

Answer 1

The financial requirements are termed “property resource limits” by Medi-Cal. For a single unmarried, “countable assets” must not be greater $2,000.

For a married couple with an at-home spouse, countable assets cannot exceed $106,400.

Countable assets include all liquid bank, investment, brokerage accounts, cash value life insurance, non-annuitized annuities, cars (if more than one), second homes (but not primary residences), assets held in a revocable trust.