“Asset Limit Changes for Non-MAGI Medi-Cal,” California Department of Health Care Services
“Beginning July 1, 2022, a new law in California increased the asset limit for Non-Modified Adjusted Gross Income (Non-MAGI) Medi-Cal programs. Non-MAGI programs generally provide health care for seniors, people with disabilities, and individuals who are in nursing facilities, as well as some other specialty groups. The increased asset limits allow a larger number of applicants to become eligible for Medi-Cal benefits, and allow qualified beneficiaries to retain a larger amount of non-exempt assets and still be eligible for Medi-Cal. All other Non-MAGI Medi-Cal rules regarding the treatment of assets still apply, such as exemptions for your home and vehicle.
The new limits are as follows:
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
Social Security promised a retirement benefit … so people stopped saving. Medicare promised senior health care … so people stopped worrying. Now both entitlement programs are under water financially and unlikely to keep their promises to a now, unprotected public. What message do you think California’s plan to reduce Medicaid asset limits will send? How do you think consumers will respond? Will we see more or less responsible long-term care planning? Incentives matter, especially if they’re perverse.
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