Ask Terry Questions Medicaid question about asset limits

Medicaid question about asset limits

By Terry Savage on September 27, 2022 | Wild Card

If l am on Medicaid is it true that you can’t have savings accounts or invest in stocks or bonds because your not suppose to have any money on Medicaid because they can cancel your help. Thank you God bless

Terry Says

You are allowed to have only $2,000 in assets. That applies if you live in Illinois. Each state has its own asset and earnings test. Click on this link and scroll down to find a list of each state’s limits.

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