Written by attorney Brittni A. Sullivan

2017 Medicaid Financial Levels

Medicaid is a means tested program and accordingly applicants must meet certain income and asset requirements. Rest assured, despite these requirements, there are protections for spouses who remain in the community. In 2017, applicants for Chronic Medicaid (this is the program which will assist in paying for Nursing Home Care) may have up to $14,850.00 in resources in order to be eligible. In addition, the applicant may have qualified (retirement) accounts in any amount assuming distributions are being taken on a monthly basis based on the life expectancy table used in the specific county you are applying in. Finally, an irrevocable pre-arranged burial account in any amount is an exempt asset.

Additional resources provided by the author

Free Q&A with lawyers in your area

Can’t find what you’re looking for?

Post a free question on our public forum.

Ask a Question

- or -

Search for lawyers by reviews and ratings.

Find a Lawyer