North Carolina Medicaid and Your Assets

Medicaid, an essential safety net for many of our neighbors in Raleigh and Wake Forest, North Carolina, helps cover the cost of long-term care for those with limited financial resources. As such, it’s important to understand how the NC Medicaid program assesses your financial status and, specifically, your assets.

North Carolina Medicaid performs an initial check of your assets when you first apply to verify that your income and assets are within the program’s limits. Medicaid then audits your assets yearly if you qualify.  If your resources exceed the allowable limit, you may risk losing your eligibility for Medicaid benefits.

In such complex situations, we, at the Trusts and Estates Law Group, can help you understand the system and develop a plan that protects your assets while preserving your Medicaid eligibility.

Why Assets Matter to Medicaid?

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