NEW Medi-Cal Programs with Asset Limits

If you are not currently on Medi-Cal, we can help you apply.

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 us to see if these changes apply to you. If you are not currently on Medi-Cal, we can help you apply. ​​Need help now? For information on Medi-Cal CALL US TODAY 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!