4 ms·
Can't hold more than roughly $5000 of real assets and qualify for Medicaid (subsidized healthcare). Keeping that cash in the mattress is a very real option for
by watersb 4y ago
Can't hold more than roughly $5000 of real assets and qualify for Medicaid (subsidized healthcare).
Keeping that cash in the mattress is a very real option for many people with huge responsibilities (child care) and very little power.
[citations needed] - I don't know what the savings limits are as of October 2022.
- robertlagrant 4y agoAccording to elderlymedicaid.com[1] it's based on income, and varies by state. [1] https://elderlymedicaid.com/medicaid-asset-limits https://elderlymedicaid.com/medicaid-asset-limits
- ac29 4y agoThere a a lot of exemptions to the asset limit, including primary house and car, which are often the two most valuable assets many Americans own.