Get Latest WorkWORLD

VA Medicaid Resources Defined

For Medicaid purposes, resources are cash and any other personal or real property that an individual (or spouse, if any):

·             owns; and

·             has the right, authority, or power to convert to cash (if not already cash); and

·             is not legally restricted from using for his/her support and maintenance.

Any property (an asset) that does not meet the criteria above is not a resource even though it may be an asset (for example, an individual who has an ownership interest in property, but is not legally able to transfer that interest to anyone else, does not have a resource).

Some resources are not counted when determining whether or not a resource limit is exceeded. See: Medicaid Resource Exclusions for a list of such exclusions.

Your financial eligibility for Medicaid coverage may be limited by the amount of resources your Assistance Unit has. The limits depend on what Medicaid Covered Group you are in.

Your eligibility may also depend on the definition of resources that applies in your case. See especially: More Restrictive Resource Limits - SSI & Medicaid.

See Also:

VA Medicaid Income Limits

VA Medicaid Resource Limits

Back to:

VA Medicaid Eligibility

VA Medicaid Covered Groups

VA Medicaid Overview

VA Benefit Information System Welcome and Introduction

Source:

Chapters M06 and S11 of the Department of Social Services (DSS) Medicaid Manual.

WorkWORLD™ Help/Information System

   Share/Save: Click the button or link at left to select your favorite bookmark service and add this page.

This is one topic from the thousands available in the WorkWORLD™ software Help/Information System.
Complete information about the software is available at: http://www.WorkWORLD.org