Medi-Cal Nursing Home Planning

Partial List of Exempt Assets (as of 1993)

Principal Residence. Calif. Welfare & Institutions Code 14006(b).
Property Used in Trade or Business. 42 U. S. Code 1382b(a)(3).
Non-Business Income Producing Property. 22 CCR 50416.
Property Needed for Work or Self-Support. 42 USC 1382(a)(3), 22 CCR 50485(a).
Burial Plot, Vault, or Crypt for use by immediate family. 22 CCR 50477.
Burial Expenses: Burial Trust up to $1,800 plus up to $1,500 set aside for such expenses. 22 CCR 50479; ACWD Letter No. 90-14 (2/25/90).
One Motor Vehicle. 22 CCR 50461.
Home furnishings and equipment. 22 CCR 50465.
Personal effects (clothes, heirlooms, any wedding and engagement rings, and other jewelry). 22 CCR 50467.
Musical Instruments. 22 CCR 50471.
Life Insurance with cash surrender value under $1,500. 22 CCR 50475.
Special Payments Exempt by Law. (Certain wartime-reparation payments and crime victim payments.)
IRAs, Pensions and Annuities - if beneficiary is receiving periodic payments. 22 CCR 50458.
Joint Tenancy Accounts Actually Funded By Others. 22 CCR 50453(a)(3).

Please Note: This is a partial listing of assets which were exempt under the laws in effect in 1993. I do not represent clients in Medi-Cal (Medicaid) planning issues, because this is a very narrow "super-specialty" that involves nearly constant changes in the law. You should consult with an attorney who specializes in Medi-Cal planning, and who is familiar with the ongoing revisions of the federal laws, state laws, California Code of Regulations, and opinions issued by state agencies. These attorneys are usually very expensive.
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