Medicaid question
wanted to know if you online savings account or CD’s while being on Medicare & Medicaid or have any investments l was told you can’t. thank you
Terry Says
If you live in Illinois (Medicaid is different in every state) you are allowed to have only $2,000 in assets. That can be in bank accounts or CDs. If you have more than that you lose your Medicaid benefits. If you do have some savings, I’d suggest leaving it in the bank, even at low rates, where it will be safe and accessible.
