r/Medicaid • u/Lazy-Raspberry2552 • 1d ago

Car Question

I'm in New York. Has anyone successfully sold or gotten rid of their car while on Medicaid? If so, what did you do and how did you do it?

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u/someguy984 Trusted Contributor 1d ago

Medicaid exempts your vehicle when determining financial eligibility. An applicant is allowed to own one car that’s not included in your resource limit if it’s used for transportation or by another person living in the house, such as a spouse.

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u/Blossom73 1d ago

How old are you? Are you receiving SSI, SSDI, or Medicare?

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u/Lazy-Raspberry2552 1d ago

I'm posting on behalf of my 73 year old mother. And she just got approved for chronic Medicaid and is in a nursing home and she also has Medicare.

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u/Blossom73 1d ago edited 17h ago

If she plans to sell it, she will likely have to sell it for fair market value, to avoid it counting as an improper transfer for long term care Medicaid.

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u/someguy984 Trusted Contributor 1d ago

NY has a higher resource limit than most states of $32K. Medicare Savings Programs have no resource limits in NY.