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Minimum Asset Allowance

Quick Answer

Otherwise known as the Community Spouse Resource Allowance, or "CSRA," is the amount of countable assets a spouse is allowed to hold without disqualifying an individual from Medicaid. For Medicaid eligibility purposes, all assets held by a person or their spouse or jointly together are considered, regardless of the name in which they're held or any prenuptial or postnuptial agreements that may have been put into place. For the purposes of qualifying for the Medicaid Long-Term Care benefit the total countable assets must be less than the Minimum Asset Allowance (CSRA - your spouse's maximum) plus $2,000 (your maximum).

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Detailed Answer

Otherwise known as the Community Spouse Resource Allowance, or "CSRA," is the amount of countable assets a spouse is allowed to hold without disqualifying an individual from Medicaid. For Medicaid eligibility purposes, all assets held by a person or their spouse or jointly together are considered, regardless of the name in which they're held or any prenuptial or postnuptial agreements that may have been put into place. For the purposes of qualifying for the Medicaid Long-Term Care benefit the total countable assets must be less than the Minimum Asset Allowance (CSRA - your spouse's maximum) plus $2,000 (your maximum). The allowance varies from state to state. More information can be found here: www.familyassets.com. You can use this link from the American Council on Aging to help you determine eligibility for Medicaid: www.medicaidplanningassistance.org

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