What is the asset limit for Medi-Cal in California?

Beginning July 1, 2022, a new law in California increased the asset limit for Non-Modified Adjusted Gross Income (Non-MAGI) Medi-Cal programs....Household Asset Limits for Non-MAGI Programs as of July 1, 2022 Household size Asset limits1 pers on$130,0002 people$195,0003 people$260,0004 people$325,0006 more rows

How much money can you have in the bank and still qualify for Medi-Cal?

Household sizeAsset limits1 person$130,0002 people$195,0003 people$260,0004 people$325,0006 more rows Feb 15, 2023

What disqualifies you from Medi-Cal?

If a Medi-Cal applicant's property/assets are over the Medi-Cal property limit, the applicant will not be eligible for Medi-Cal unless they lower their property/assets ing to the program rules. The Medi-Cal eligibility worker looks at how much an applicant and their family has each month.

Do you have to pay back Medi-Cal if you inherit money?

The Medi-Cal program must seek repayment from the estates of certain deceased Medi-Cal beneficiaries. Repayment only applies to benefits received by these beneficiaries on or after their 55th birthday and who own assets at the time of death. If a deceased beneficiary owns nothing when they die, nothing will be owed.

What is the look back period for Medi-Cal in California?

Medi-Cal will look back to any of the gifts you've made prior to applying and make sure that hasn't happened. In California, our lookback period is 30 months. In every other state in the union, it's 60 months.

What is the Medi-Cal income limit for 2023?

Medi-Cal Income & Assets Limits for Eligibility April 2023 March 2024 California Medicaid / Medi-Cal Long-Term Care Eligibility for SeniorsType of MedicaidSingleMarried (one spouse applying)Regular Medicaid / Aged Blind and Disabled$1,677 / month$195,0003 more rows Mar 15, 2023

Will I lose my Medi-Cal if I sell my house?

You can move out of the home, rent it, or sell it, all without affecting your spouse's Medi-Cal eligibility. However, there is an important timing issue here.

What is the 5 year look back rule in California?

Currently in California cash or liquid assets have a 30 month look back and real estate (other than the residence, which is an exempt asset for eligibility) has a 5 year look back. The residence can be protected from recovery, but is not part of available assets that must be under $2,000 for the Medi-CAL applicant.

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CA MC Information Notice 007 2018

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Q: What disqualifies you from Medi-Cal?

If a Medi-Cal applicant&#039;s property/assets are over the Medi-Cal property limit, the applicant will not be eligible for Medi-Cal unless they lower their property/assets ing to the program rules. The Medi-Cal eligibility worker looks at how much an applicant and their family has each month.

Q: What is the look back period for Medi-Cal in California?

Medi-Cal will look back to any of the gifts you&#039;ve made prior to applying and make sure that hasn&#039;t happened. In California, our lookback period is 30 months. In every other state in the union, it&#039;s 60 months.

Q: What is the Medi-Cal income limit for 2023?

Medi-Cal Income &amp; Assets Limits for Eligibility April 2023 March 2024 California Medicaid / Medi-Cal Long-Term Care Eligibility for SeniorsType of MedicaidSingleMarried (one spouse applying)Regular Medicaid / Aged Blind and Disabled$1,677 / month$195,0003 more rows Mar 15, 2023

State of California Health and Human Services AgencyDepartment of Health Care ServicesMEDICAL GENERAL PROPERTY LIMITATIONS FOR INDIVIDUALS WHO ARE NOT ELIGIBLE USING THEIR MODIFIED ADJUSTED GROSS.

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