New Medi-Cal Asset Limits’ Effect on Injury Claims

Beginning July 1, 2022, a new law in California increased the asset limit for Medi-Cal programs. The increased asset limits allow qualified beneficiaries to retain a larger amount of non-exempt assets and still be eligible for Medi-Cal.

The increase raised the asset limit for individuals from $2,000 to $130,000. The threshold increases an additional $65,000 per family member living in the household. These assets don’t include necessary things such as a primary house, primary vehicle, retirement funds, or tools for work.

The increase in asset limits marks a monumental adjustment for beneficiaries. This is especially pertinent to beneficiaries involved in an injury claim. The previous asset limit of only $2,000, hindered people’s ability pursue personal injury claims for compensation out of fear that their much-needed healthcare benefits would be taken away.

Fortunately, beneficiaries no longer have to make a tough decision and be put at risk of losing benefits when obtaining a personal injury settlement within the threshold. Now, California beneficiaries can hold up to $130,000 in assets and maintain Medi-Cal eligibility.

Are you a Medi-Cal recipient and have been in injured in a car crash? Let us discuss your legal options in a free consultation. Our law office is ready to help, contact Ray Padilla Law, APC today at (619) 431-1187 (San Diego) to speak with Attorney Ray Padilla directly.  Please call even if it’s simply to ask, “what should I do?”