Is there an asset limit for Medi Cal?

You may have up to $2,000 in assets as an individual or $3,000 in assets as a couple. As of July 1, 2022 the asset limit for some Medi-Cal programs will go up to $130,000 for an individual and $195,000 for a couple.

Can I have money in the bank and still get Medi-Cal?

To qualify for Medi-Cal, the applicant must demonstrate that they have limited resources available. California law allows the applicant to have up to $2,000 in countable assets. hand, uncashed checks and anything you might have in your safe deposit box that you could cash in to pay for care.

Is there an asset test for Medi-Cal?

The asset test will be fully eliminated by July 1, 2024. Although California is moving to eliminate the asset test for Medi-Cal programs, it will remain in place for Supplemental Security Income (SSI).

Does Medi-Cal look at your bank account?

Violating this look back period, knowingly or unknowing, can result in a period of Medicaid eligibility. Because of this look back period, the agency that governs the state’s Medicaid program will ask for financial statements (checking, savings, IRA, etc.) for 60-months immediately preceeding to one’s application date.

Does having a savings account affect Medi-Cal?

Medi-Cal will now recognize CalABLE savings accounts where individuals and others can contribute up to $15,000 annually and still qualify for Medi-Cal.

What is the Medi-Cal income limit for 2021?

Adults are eligible for Medi-Cal if their monthly income is 138 percent or less of the FPL. For dependents under the age of 19, a household income of 266 percent or less makes them eligible for Medi-Cal. A single adult can earn up to $17,775 in 2021 and still qualify for Medi-Cal.

What is the income limit for Medi-Cal 2021 in California?

According to Covered California income guidelines and salary restrictions, if an individual makes less than $47,520 per year or if a family of four earns wages less than $97,200 per year, then they qualify for government assistance based on their income.

What is the monthly income limit for Medi-Cal?

You are 19-64 years old and your family’s income is at or below 138% of the Federal Poverty Level (FPL) ($17,774 for an individual; $36,570 for a family of four).
Income-based Medi-Cal.

Your family size:	1 2 3 4 5 6 7 8 9 10 11 12
Income limits for your family:
	$12,880
	$4,540
	$12,880