Countable Assets
Countable assets are owned items or money evaluated when determining Medicaid eligibility.
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Countable assets are the possessions Medicaid considers when determining eligibility for assistance.
Countable assets may vary by state or person, but generally, they include:
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Cash. Any money you have in your bank accounts or at home.
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Investments. Any stocks, bonds, and other things that can make you money.
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Real Estate. The value of your house or any owned properties. In many cases, your primary house is exempt from Medicaid requirements.
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Vehicles. The value of your cars or other vehicles.
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Personal belongings. This can include personal possessions like furniture, jewelry, and collectibles.
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Retirement accounts. This includes any saved money in a 401(k), IRA, HSA, or other similar accounts.
Specific Medicaid rules around countable assets are different in each state. But the premise is the same: you may not be eligible for Medicaid benefits if you have too many countable assets or too much income.