Big Changes with Asset Limit Elimination
On May 1, 2022 when older adults age 50 and older became eligible for full-scope Medi-Cal benefits regardless of immigration status. And as of July 1, 2022, the Medi-Cal asset limit for the Aged and Disabled Federal Poverty Level program will significantly increase from just $2,000/$3,000 for individuals and couples, to $130,000 and $195,000! This increase also applies to the Medicare Savings Programs (MSPs). Then, as of January 1, 2024, the asset limit will be fully eliminated.