State law and regulations impose income and asset limits on persons applying for Medicaid.
State law and regulations impose income and asset limits on persons applying for Medicaid. | State law and regulations impose income and asset limits on persons applying for Medicaid.
State law and regulations impose income and asset limits on persons applying for Medicaid.
The income limit for aged, blind and disabled individuals is $350 per month with an asset limit of $2,500 and $392 for income and $3,000 for asset.
In determining eligibility for Medical Assistance, a penalty period shall be established during which an individual is determined ineligible if the individual or the individual's spouse disposes of an asset for less than fair market value at any time during or after the time periods specified. For assets other than trusts, the time period for evaluating disposals is the 60-month period immediately before the date as of which the individual both is an institutionalized individual and has applied for Medical Assistance. The penalty period begins with the later of the first day of the month in which the individual is eligible for Medicaid and would be receiving Medicaid nursing facility services but for the application of this penalty; or the month during or after which assets have been transferred for less than fair market value.
The number of months in the penalty period are equal to the total, cumulative, uncompensated value of all assets transferred, divided by the average monthly cost, to a private patient at the time of application for Medical Assistance, of nursing facility services in the State.
Md. Code Regs. 10.09.24.08-1
Maryland Department of Health, Medicaid Eligibility Requirements
Income and Asset Limits by Coverage Group and Program