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  1. #1
    Join Date
    May 2009
    Posts
    1

    Default Medi-Cal, Can I Qualify if I Have a 401k

    My question involves insurance law for the state of: Hi Ca. can I get denied Medi-cal if I have a 401k.

  2. #2
    Join Date
    Sep 2005
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    Behind a Desk
    Posts
    73,120

    Default Re: Medi-Cal, Can I Qualify if I Have a 401k

    Here's a short article (PDF) about retirement savings and Medi-Cal qualification.
    Quote Quoting Retirement Accounts
    Under Medi-Cal regulations, the value of retirement accounts, including IRAs, 401(k)s, and 403(B)s, are not counted in determining Medi-Cal eligibility as long as the Medi-Cal applicant is receiving some sort of periodic (i.e., regular) distribution from the account. Payments of principal and interest on a monthly, quarterly, semi-annual, or annual basis, over the applicant’s life expectancy using Social Security’s actuarial tables is a sufficient periodic distribution.

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