On February 1, 2025, the countable asset eligibility limit for Medicaid was updated to provide single claimants with a much-needed limit increase to $9,660. This amount had previously been held at $2,000 and had remained unchanged since the inception of the Medicaid program in the 20th century.

Additionally, married couples are generally allowed to keep half of their countable assets, up to a maximum of $157,920 (known as the protected spousal allowance). In order to determine the protected spousal allowance, Medicaid looks at the total amount of countable assets at the applicant’s snapshot date (i.e. the first 30 continuous days of hospital and nursing home care or the date determined medically eligible for the waiver program).

There are strategies to help married couples maximize the protected spousal allowance and potentially shelter more. And there are additional planning opportunities for single claimants to protect a significant portion of their estate, including their homes, even if they are already in a crisis. Anyone interested in learning more about these updates and planning opportunities should consult with an experienced elder law attorney to learn more about what specific options are available for themselves and their family’s needs. The Medicaid attorneys at The Elder Law Firm PC urge you to consult with an experienced elder law attorney to address specific questions about asset eligibility and planning options. 

Schedule a Medicaid Consultation

Our office offers FREE no-obligation consultations in order to assist individuals with understanding all of the options that are available to them. The Elder Law Firm PC provides assistance in protecting your assets and protecting your family through Medicaid planning. Contact us by calling 616.840.3754 or completing our free online Medicaid planning form here.