We have some great news for California Long-Term Care Facilities: California is phasing out the asset test to qualify for Medi-Cal benefits!
The final 2021-2022 state budget provides that, as of July 1, 2022, the asset limit for Medi-Cal will be $130,000 for an individual and $65,000 for each additional household member, up to a maximum of ten members. Even better, California will eliminate the asset test completely no sooner than January 1, 2024. The current asset limit of $2,000 for individuals and $3,000 for couples has prevented many people from qualifying for much-needed Medi-Cal benefits, and has made it difficult for long-term care providers to ensure that their residents remain spent down below the asset limit.
This welcome change to the Medi-Cal eligibility process will simplify the Medi-Cal application process, making it much easier for long-term care providers in California to secure a payor source for their patients’ care so that they can focus on what they do best, providing quality care to some of the state’s most vulnerable residents. If you have any questions about this upcoming change and its impact on your facility, please don’t hesitate to contact Kelly Hayes or Ashley Shudan.
