In Medicaid, what is a non-countable asset?
To obtain Medicaid coverage for long-term illness benefits coverage, we need to meet three criteria. The income criteria, the asset criteria, and the are you sick enough or clinical medical eligibility need. With assets, they can be divided into countable assets, or non-countable assets which are exempt assets. In Florida exempt assets can include a home, a car, several cars greater than seven years of age, and a barrel expense fund. Other than most of those things I just mentioned, the assets follow into the countable asset criteria, and if you are over the countable asset criteria, then we need to conduct a spend down.