Proposed Asset Limit Penalizes Older Adults & Californians with Disabilities for Saving
A 98% reduction to the Medi-Cal & IHSS asset limit would force this individual to spend 80% of their life savings before next eligibility check to retain coverage
The bar chart depicts the proposed decrease in the Medi-Cal IHSS asset limit from $130,000 to just $2,000. For this individual who has $10,000 in savings, they would need to spend down 80% of their life savings to meet the asset limit.
