Millions of Medi-Cal beneficiaries in California can now save money and assets without losing their coverage due to an eligibility change. This change has opened the door for new enrollees and eliminates the requirement to prove the value of financial accounts and personal property. The income threshold must still be met, but now almost two million beneficiaries will no longer face restrictions. Private caregiving and long-term care costs can now be covered by Medi-Cal for individuals with savings. There are still some concerns about asset protection and inheritance, and there has been a lack of public education about the change.
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New Eligibility Rules Are a Financial Salve for Nearly 2 Million on Medi-Cal
