Is savings account money included in countable income for Medicaid eligibility?

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Onyx, make an appointment with an Elder Law Attorney so that he/she can go over everything in involved. It can become complex, such as Trust income will have to go to the nursing home if one is using Medicaid for their care.
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The $ in a saving account is considered an asset. For an individual on NH medicaid, nonexempt assets are usually limited to 2k.

Assets are different than income.

Their monthly SS, retirement pension, etc would be considered income. The medicaid income ceiling varies by state. Most come in around $ 2,100. But some are under 2k. If income is above the state set limit they will be ineligible for Medicaid unless they can get the income converted to a Medicaid compliant qualifying income trust (a Miller trust).

If your just starting the Medicare & Medicaid maze, there's really great articles on this site on various topics. If you or your folks have real assets...... Really your best off to do a list of ?/concerns and then meeting with a elder law atty to come up with a plan and options for the plan. There's an expert of this site - K Gabriel Heiser - who has a great book that is a pretty encompassing overview of what NH costs mean for finances & how Medicaid works within it. You can order it or get it at your library.
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yes, all assets are included unless they have been put in trusts
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