NEW Medi-Cal Programs with Asset Limits

California Disability Advocates Specializing in Social Security Disability Claims What are​ assets?​​ ​Assets are things you own, which can be counted for Medi-Cal eligibility. These items include bank accounts, cash, second vehicles and homes, and other financial resources. Please see below for examples.​​ Do assets include mon​thly income?​​ ​No, assets are things you own, and do not include income, such as social security and retirement payments or monthly income.​​​  Did the types of assets that are counte​d change? ​​No, the types of assets that count for Medi-Cal have not changed, just the limit. Please see below for examples.​​​​ Countable Not Countable ​​Bank Accounts Retirement funds (like IRAs) if you are taking the minimum Monthly Distribution 2nd Homes​ Primary Home (where you live)​ 2nd Vehicles Primary Vehicle Cash Tools necessary for work What are the former asset li​mits?​ ​The former limits are $2,000 for one person and $3,000 for a couple. What are the ​new limits?​ The new limits are $130,000 for one person and an additional $65,000 for each additional family member. Please see below for more information.  New Asset Limits as of July 1, 2022​​​ Household size Asset limits 1 person $130,000 2 people $195,000 3 people $260,000 4 people $325,000 5 people $390,000 6 people $455,000 7 people $520,000 8 people $585,000 9 people $650,000 10 people $715,000 ​Who do ​these new asset limits apply to?​ These asset limits apply to people who have Medi-Cal or want to have Medi-Cal, and those who are aged, blind, or disabled. Please see below for a list of some of the main programs which have asset limits. Medi-Cal Programs with Asset Limits​ Program Name​​ Program Description Aged, Blind, ​and Disabled Federal Poverty level Program For people who are over 65 years old, disabled, and/or blind. This program is free. 250% Working Disabled Program For people who are disabled and also working. Long-Term Care For people who are living in a long-term care facility. Medically Needy with a Share of Cost For people who are over 65 years old, disabled, and/or blind. This program has a monthly cost. Medicare Savings Programs For people who get Medicare. These programs help pay for Medicare costs, like copays and premiums. ​​Wh​at should I do if I think this change applies to me?​​ You can contact your local county office to see if these changes apply to you. If you are not currently on Medi-Cal, the county can help you apply. ​​Need help now? For information on Medi-Cal CALL US TODAY Our Office is comprised of the best disability representatives and experienced representatives, who are competent and compassionate. We are well known and recognized for over 30 years for our diligence in Los Angeles, Santa Monica, Irvine, Orange County, San Diego, San Fernando Valley, Ventura, Santa Barbara, Riverside, San Bernardino areas and throughout the state of California. Having handled thousands of successful Social Security disability cases, our office is well aware of the complications of filing and appealing claims. We understand that one primary consideration why people who are in dire need of disability benefits hesitate to seek help is because of the high costs. Consistent with our desire to help people who are qualified to receive disability benefits, we offer  Free Case Evaluation so that we can immediately inform you of your rights and help you properly decide on how to go about claiming your disability benefits.  We only get paid if we win your case! We can sign you up over the phone, by email, fax and even text. Visit our Website

Maggie Jalilvand/ California Disability Advocates | 11500 W Olympic Blvd #400, Los Angeles, CA 90064 Unsubscribe kingsrook14.publish@blogger.com Update Profile | Constant Contact Data Notice Sent by maggiejalilvand@yahoo.com in collaboration with Try email marketing for free today!