Applying for Medi-Cal can be a bit confusing and most people end up with more questions than answers when beginning the process. The biggest question applicants typically have is what type of assets can their spouse keep?
Long-term care can be expensive and many elderly people and their families, who may not necessarily be financially needy, turn to the Medi-Cal program for help. Medi-Cal, however, has strict rules and limits as to the amount of assets a person may have before qualifying for the program and they will look back 30 months into an applicant’s financial history when trying to determine eligibility.
What Assets Can I Keep?
An applicant’s spouse, however, can keep up to approximately $123,600.00 in assets that will not be counted toward Medi-Cal eligibility. If you and your spouse have assets that exceed those limits, a Medi-Cal spend down may be the smartest way to proceed, however, doing so without the consultation of an experienced professional will only lead to issues and even delays in your application down the road.
Schedule a FREE Consultation Today!
Our attorneys at Elder Law Services of California specialize in Medi-Cal planning and qualifying your elderly parent or grandparent for long-term care services. Our team qualifies 99.99 percent of our clients and we will work with you every step of the way. Give us a call at (800) 403-6078 for a FREE consultation today! We look forward to working with you.