Medi-Cal Qualification

This is a brief list of exempt assets for Medi-Cal qualification. Your home is generally exempt, and you can take steps to protect your home from a Medi-Cal lien after your death. Your household goods and personal belongs are exempt. You can have an exemption for one car. Term life insurance policies are excluded, but you cannot have more than a total of $1500 cash value in the policies.  You can keep your IRAs and other “qualified accounts.” You can only have $2,000 of non qualified assets. 

This is a brief synopsis of exempt assets, and of course planning and applying for  Medi-Cal is much more complicated than is presented here. In addition, if you are a wartime veteran or the surviving spouse of a wartime veteran, you should consider planning and possibly applying for the VA Aid & Attendance Pension Benefit. Planning for the VA Aid & Attendance Pension Benefit should be coordinated with your planning for Medi-Cal benefits. Your elder law attorney, who is also certified by the VA, can help you with planning for both benefits. 

This blog is written by Michael J. Young, Elder Law Attorney, for informational purposes only and is not legal advice. You should consult an elder law, government benefits and asset protection attorney for your particular case, and before you proceed with any planning.

For additional information you can go to Mr. Young’s website at  www.WalnutCreekElderLaw.com . You can send an e-mail to Mr. Young at mike@WalnutCreekElderLaw.com. His address is 1931 San Miguel Dr., Suite 220, Walnut Creek, CA 94596. Phone: (925) 256-0298. Mr. Young has clients in Contra Costa and Alameda Counties, including the cities of Walnut Creek, Pleasant Hill, Concord, Antioch, Bay Point, Alamo, Danville, Clayton, etc. Mr. Young advises clients regarding Medi-Cal, nursing homes, asset protection, the VA Aid and attendance pension benefit, and long term care planning. Mr. Young is a member of NAELA.