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Minnesota Care Asset Limit

In 2007, the average cost of a individual health insurance policy was $2,613 per year, according to the Kaiser Family Foundation. As a more affordable option, Minnesota residents may qualify for the MinnesotaCare program if they meet eligibility guidelines, including income and asset limits.

  1. About MinnesotaCare

    • MinnesotaCare is a publicly subsidized program for Minnesota residents who lack access to affordable health care coverage, according to the Minnesota Department of Human Services. Members pay a premium each month, based on a sliding scale. The benefit package includes doctor visits, surgery and vision care.

    General Eligibility Guidelines

    • To qualify for MinnesotaCare, you must meet certain requirements. This includes having a monthly income that falls within the established limits, based on family size, and lack of other health insurance.

    Asset Limits

    • As of 2010, the maximum amount of assets that a single person can have and qualify for MinnesotaCare is $10,000; for families of two or more, the limit is $20,000. Assets include cash, bank accounts, stocks and bonds. However, your personal and household goods, and the home you live in, do not count toward this limit.

    Special Circumstances

    • Certain categories of individuals are exempt from MinnesotaCare asset limits. They include people under age 21 and pregnant women.

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