KITV ABC News: Nursing Home Residents Have a Little More Time to Spend Stimulus Checks Before Losing Medicaid (March 30, 2021)
Nursing home residents on Medicaid have some more time to spend their stimulus checks, but they shouldn’t wait too long.
Typically, Medicaid enrollees are only allowed to have a limited amount of assets, outside of their primary residence, car and other essentials. For single people, it’s usually around $2,000. Those who exceed that threshold could find themselves kicked out of the health insurance program for low-income Americans.
“People should just be conscious of Medicaid asset limits and deal with it without trying to wait until the last month of the public health emergency,” said Eric Carlson, a directing attorney with Justice in Aging, a non-profit legal advocacy group. “There’s no particular benefit to cutting it close.”