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Low-Income Subsidy Assets

What is and is not considered an asset by Medicare:

To determine your eligibility, Medicare may also look at your assets. Medicare counts these as assets:

  • Cash (including checking and savings accounts).
  • Certificates of deposit.
  • Retirement accounts (like IRAs or 401(k)s).
  • Stocks, bonds and mutual funds.
  • Promissory notes.
  • Property that could be converted to cash within 20 days.
  • Mortgages.
  • Life insurance policies.

Medicare does not count these as assets:

  • Your primary home.
  • Your primary car.
  • Burial plots or agreements.
  • Funds set aside for burial expenses (up to $1,500).

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