Your Assets

By assets, we mean bank accounts and other things that have value. For example, any stocks you have are assets. We’re asking about assets because they may affect whether you can get low- or no-cost health care. Keep in mind that there are many assets that do not count in Medicaid, such as your most expensive car, the home you live in, personal items, and any burial assets you may have. If you live on a farm, your farm does not count as an asset.

If a household member has any of these assets, they should check the box:

Savings Accounts
Cash on Hand (not in the bank)
Stocks, bonds or Certificates of Deposit (CDs)
Retirement/Pension Accounts
Other Resources

Keep in mind that there are many special rules about owning cars. For the most part, people in your home can own one car and still get Medicaid. If they have more than one car, count the car with the smallest value.