What assets will disqualify me from Medicaid and what can I do with them?

Little things like a bass boat, a camper, more than one vehicle, old trucks and cars, four wheelers, a mule(4 wheel vehicle), a life insurance policy with $1,600 in cash surrender value, $3,400 in cash in a safe, old savings bonds, $2001 in a checking account. All these items are called countable resources. A person is limited to a total of $2,000 in countable resources. Most of these assets can be converted into noncountable resources which do not disqualify a person from Medicaid. There are various ways and techniques to convert a countable resource into a noncountable resource depending on the type of asset you are trying to convert.

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