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Minnesota Medical Assistance Asset Requirements

Medical assistance in Minnesota covers several different categories of people, including children age 20 and younger, pregnant women, women with breast and cervical cancer, the elderly, blind and disabled, parents and caregivers, Qualified Medicare Beneficiaries, Service Limited Medicare Beneficiaries and Qualified Individuals. These groups must meet certain qualifications to be approved for medical assistance, including asset limit requirements.

  1. No Asset Limit Programs

    • If there are no asset limits set for a group, it means only their income is taken into consideration when deciding whether or not they qualify for medical assistance and they are allowed to have an unlimited amount of assets.

      There are three groups that do not have to adhere to any asset limits: pregnant women, women with breast and cervical cancer, and children age 20 and younger. This is current as of 2010.

    Low Asset Limit Programs

    • Low asset limits are the strictest because it is easy to be disqualified due to a modest amount of assets. Elderly, blind and disabled applicants can have up to $3,000 in assets for one person, up to $6,000 in assets for two people and up to $200 in assets for each additional household member.

      Qualified Working Disabled Individuals can have up to $4,000 in assets for one person and up to $6,000 in assets for two people. There are no additional asset limits for additional household members.

      All figures are current as of 2010.

    High Asset Limit Programs

    • High asset limit programs make it easy to qualify for medical assistance because you can own more things of value without being disqualified. Qualified Medicare Beneficiaries, Service Limited Medicare Beneficiaries and Qualified Individuals can have up to $10,000 in assets for one person and up to $18,000 in assets for two people.

      Parents and caregivers can have up to $15,000 in assets for one person and up to $30,000 in assets for two people. There are no additional asset limits for additional household members.

      All figures are current as of 2010.

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