The asset limit for Medicaid is around $2,000 for a single person and $3,000 for a couple where both spouses are receiving care. However, some states have different allowances. The healthy spouse of a Medicaid applicant can keep a separate allowance between about $30,000 and $145,000 in most states. This asset limit includes cash, saving accounts, and physical items. You can learn more about Medicaid eligibility here.
This guide takes a deep dive into the landscape of long-term care and how to pay for it without going broke, including the answers to your top questions surrounding Medicaid.GET MY COPY