Retirement Weekly: How do I protect my excess assets for Medicaid eligibility?

by | Aug 4, 2023 | Stock Market

Dear Harry,

I am 66 years old and just had my Social Security Disability Income approved. The income will push me over the $2,000 asset limit for Medicaid, which pays for 40 hours a week of home healthcare for me. I have a small disability protection plan for my special needs issues called a “Stable Account” ( Is it possible to protect my assets so I will not be removed from all my medical care?

Dear reader,

Yes for assets, possibly for income. There are a few different issues here. Medicaid has both asset and income limitations. The $2,000 limit to which you refer has to do with assets. Many state Medicaid programs, especially after age 65, impose a $2,000 asset limit. Fortunately, your Social Security Disability Income (SSDI) is not considered to be an asset during the month you receive it. So, if it pushes your bank account over $2,000 during the month you receive it, that’s not a problem as long as you spend it down before the end of the calendar month. If your account remains over $2,000 at the end of …

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