What are Countable Assets?

When determining Medicaid Eligibility the North Carolina Department of Health and Human Services looks  to see if an applicant/beneficiary (a/b) is ineligible for Medicaid because their countable resources (assets) exceed the resource limit or the “reserve” limit.

There are three types of resources considered when determining Medicaid eligibility - real property, personal property and liquid assets.

1. Real Property: Real property includes land and all buildings or dwellings which are permanently affixed to the land. This includes mobile homes if the county tax office considers them to be real property. Verify with the county tax office.

2. Personal Property: Personal property includes all personal effects and household goods as well as any types of motor vehicles, boats, trailers or farm and garden equipment. (i.e. mobile homes are considered personal property unless county tax office considers the mobile home to be real property. This can be verified by county tax records or office.)

3. Liquid Assets: Liquid assets include cash, bank accounts, certificates of deposit as well as any item that can be converted to cash (i.e. cash value bearing life insurance policy). 

Source: https://www2.ncdhhs.gov/info/olm/manuals/dma/abd/man/MA2230.pdf