Are there any assets that Medicaid does not consider available to the Medicaid applicant or his or her spouse?

Video Transcription:

Yes, we call those non-countable assets. You can’t have more than $2,000 basically of countable assets. But what doesn’t count is a number of things. A home up to 500 and some thousand of equity, I say it’s an imprecise number because it’s adjusted for inflation. But that is not a countable asset. Typically in Florida, IRA’s are not countable. Other liquid assets like a rental property may not be countable. There are a number of exceptions to the countable asset rule. Have any more questions? Contact us today to schedule a free consultation! Doane & Doane – Top rated Tax & Estate Planning Attorneys