What are non-exempt assets?
Non-exempt assets are the things that you own that Medi-Cal will count when deciding whether or not you qualify. Generally these are assets that are available to you and could be used to pay for your care. This includes assets such as: • checking and savings accounts • certificates of deposit • stocks and bonds • mutual funds • tax-deferred annuities • real property other than your home • promissory notes What are exempt assets? Exempt assets are those things you own that Medi-Cal does not count when determining your eligibility. This includes such property as: • your home • one automobile • household goods • personal property • family and heirloom jewelry • certain types of immediate annuities • burial plots and crypts • irrevocable burial trust • $1500 in a revocable burial fund What about my income? Once you are approved for Medi-Cal you will need to pay a portion of your income to the nursing home as your share of cost. This is similar to an insurance deductible paid on a monthly b
