In theory, you could have a checking and a savings account and be on Medicaid. You are allowed 2K in assets, so you could keep some of that in a savings account, but if there are bank charges on the account, it doesn't make sense to do.
My in a NH on Medicaid mom has a checking account which gets her SS and retirement income each month. I write a check for her required Medicaid co-pay to the NH from her checking account. As she has direct deposits, there are no monthly service charges / fees. Now most NH will highly encourage you to have their SS and retirement go to the NH rather than the residents DPOA writing a check, but you do not have to do it this way.
How old is that? Assets are no longer the sole issue and don't automatically disqualify you, as they used to. Instead, eligibility is first determined by income level.
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You are allowed 2K in assets, so you could keep some of that in a savings account, but if there are bank charges on the account, it doesn't make sense to do.
My in a NH on Medicaid mom has a checking account which gets her SS and retirement income each month. I write a check for her required Medicaid co-pay to the NH from her checking account. As she has direct deposits, there are no monthly service charges / fees. Now most NH will highly encourage you to have their SS and retirement go to the NH rather than the residents DPOA writing a check, but you do not have to do it this way.
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Here is an article from this site about the assets you can have and still qualify for medicaid.
https://www.agingcare.com/articles/asset-limits-to-qualify-for-medicaid-141681.htm