What are non-countable and countable resources?
Countable resources are most assets that can be converted to cash and used to pay for your support or healthcare. They are considered in determining your Medicaid eligibility. Medicaid rules permit some resources to be excluded that would otherwise be counted for purposes of determining Medicaid eligibility. An example of a non-countable resource is an individual’s term life insurance.
More Medicaid FAQs
- As the Community Spouse, will I be allowed to retain any of my husband’s income?
- As the Community Spouse, will I be allowed to retain any of my husband's income?
- Can I pay my children for services they provide to me, i.e. laundry, taking me to doctors appointments, etc.?
- Can I transfer all of my assets to my children?
- Do I have to cash in my life insurance policies?
- Do the accounts that I own jointly with someone else count toward my Medicaid eligibility?
- Is there a way to protect my Medicaid benefits in the event I receive an inheritance?
- Is there any way to save the family home?
- What are my options to help pay for assisted living facility or nursing home care in the future?
- What are non-countable and countable resources?
- What is Medicaid Estate recovery?
- When can I file a Medicaid Application?