Eligibility

Financial Options

Crossroads expertise is in asset protection, exemption, and government benefits. We are accomplished professionals who understand the complex regulations pertaining to Long Term Medi- Cal eligibility. Most families do not realize that Long Term Medi-Cal is a benefit that every Californian has the right to utilize. Wealthy or needing, despite one's financial blueprint, Long Term Medi-Cal is available to all seniors residing in a Skilled Nursing Facility.

Please contact Crossroads for your free consultation.

For A Single Individual

Exempt Assets:

  • One car

  • One house

 

Non-Exempt Assets:

  • Checking and savings account

  • Stocks

  • Bonds

  • Annuities

  • Life insurance where there is cash value

 

Qualified Retirement Plans:

  • Must be taking mandatory distributions

    • 70.5 years of age

  • Distribution goes to share of cost

  • IRA, Roth IRA, 401k

 

Property Allowance:​ $2,000

 

Discussion Points:

  • Home

    • Trust to avoid probate and protect from Medi-Cal recovery

  • Life Insurance

    • Whole vs Term vs Burial

Eligibility Factors

For a Married Individual

Exempt Assets:

  • One car

  • One house

 

Non-Exempt Assets:

  • Checking and savings account

  • Stocks

  • Bonds

  • Annuities

  • Life insurance where there is cash value

 

Qualified Retirement Plans:

  • Must be taking mandatory distributions

    • 70.5 years of age

  • Distribution goes to share of cost

  • IRA, Roth IRA, 401k

 

Property Allowance:​​ $126,640

 

Discussion Points:

  • Home

    • Trust to avoid probate and protect from Medi-Cal recovery

  • Life Insurance

    • Whole vs Term vs Burial

Eligibility Factors

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(916) 586-1973‬ | sharon@crossroadsestatepreservation.com

995 Governor Drive Suite # 101

El Dorado Hills, CA 95762