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:
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.