When qualifying for Medicaid whether married or single you can have a home, a car, household furnishings, a prepaid burial contract or a life insurance policy with no more than $1,500 in cash surrender value and $2,000 in money if single and a little more if you are married. Any other assets will disqualify you from Medicaid. For example here are some things people owned which caused then not to qualify for Medicaid. A bass boat, a camper, an outboard motor, 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, $2001 in a checking account, $3,400 in cash in a safe and old savings bonds.
What assets will disqualify me from receiving Medicaid?
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