My old car died August. My kids bought me another older car, but how will this affect my Medicaid eligibility? - AgingCare.com

My old car died August. My kids bought me another older car, but how will this affect my Medicaid eligibility?

Follow
Share
This question has been closed for answers. Ask a New Question.
3

Answers

Show:
Thank you for your answers. I was not able to find out anything at that site before asking here, however, checked it again. I was aware I could have one car, single, disabled. but was not sure about children having replaced my car putting it in my name as well. Thanks again, it seems hard to find a definitive answer. Perhaps, I should just put it as a personal loan on car as I will be making payments to them. I think a "gift" would be a problem???
Helpful Answer (0)
Report

One car is an exempt asset. It will not affect Medicaid eligibility. But that is one car per couple, if you are married.
Helpful Answer (1)
Report

Dear BetrueNC,

I'm not sure about all the details, but here is a link that I hope will help:

https://www.medicaid.gov/medicaid/eligibility/
Helpful Answer (1)
Report

This question has been closed for answers. Ask a New Question.
Related
Questions