Do joint savings bonds count as income for Medicaid eligibility?


Q: How does Medicaid look at joint-owned savings bonds?

A: Medicaid coverage is for those individuals with little income and a very low asset base.

When applying for assistance, Medicaid will look at all the assets held by the individual to see if they qualify. If the bonds are jointly owned, 50% belongs to the individual applying for assistance and that is what is counted.

For more specific information about enrolling in Medicaid, eligibility, coverage and services for your State, please contact your local Medicaid office. You can view your State's Medicaid Office contact information by visiting the website. or the Centers for Medicare & Medicaid Services at

Rosanne Rogé joined R.W. Rogé & Company, Inc. in January 1995. She is a graduate of C.W. Post - Long Island University. Ms. Rogé is certified by The Certified Financial Planners Board of Standards to use the professional certifications CFP and Certified Financial Planner. She is also a Certified Senior Advisor (CSA).

R.W. Rogé & Company

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So, when applying for Medicaid, how do they find bonds that are OLD and already matured? (most probably purchased by the applicant's deceased mother)