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Covered California Q&A

Covered California and Obamacare related questions from consumers, employers and agents are answered by Phil Daigle with the best information available at the time. Archived entries may no longer be accurate as the Covered California and Obamacare knowledge-base is evolving quickly. TO REQUEST A PERSONAL RESPONSE INCLUDE EMAIL ADDRESS.

What are Medi-Cal Rules Regarding Assets?

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Question: My significant other & I share a home. We have income of $11,000/yr. I believe that qualifies us for Medi-Cal but we have substantial assets for our retirement. Are you still eligible for medi-cal with over $750k in bank accounts and mutual funds for retirement?

Answer: Yes. You are eligible for Medi-Cal. Assets are no longer considered in determining your eligibility.

1 Comment

IT used to be that after age 55 they would put a lien on your home or attach your assets to the amount received in care under Medi-Cal (care received after age 55 was worse for your future as in a lien could be placed on your home vs care at age 53 or 54) Are you saying that under the new Covered California Medi-Cal that liens will no longer be done for care over age 55?

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