Evaluated Assets

Only the assets of a person and those of the spouse living with the person are evaluated in determining the individual’s or married couple’s eligibility for Medicaid. Special rules apply for evaluating a couple's assets when one person is entering or residing in a long-term care facility, and the spouse remains in the community.

Countable assets include, but are not limited to: cash, savings and checking accounts, real estate (other than your home), more than one vehicle, boats, recreational vehicles, stocks, bonds, mutual funds, credit union share and draft accounts, certificates of deposit, U.S. Savings Bonds, pension plans, individual retirement accounts, Keogh plans, nursing home trust funds, prepaid funeral contracts which can be canceled, trusts - depending on the terms of the trusts, tax-deferred annuities, mortgages, promissory notes, cash value life insurance, securities, and un cashed checks.