What is the maximum amount of cash assets an individual can have to still qualify for Medicaid benefits in a nursing home?

The maximum amount of cash assets an individual can maintain while still qualifying for Medicaid benefits in a nursing home is indeed set at $2,000. This threshold is specifically designed to ensure that individuals have limited resources that could be used to pay for their care before qualifying for Medicaid coverage.

Having cash assets above this amount would disqualify an individual from receiving Medicaid benefits for long-term care, as Medicaid is intended to assist those who cannot financially manage the costs of healthcare. This asset limit applies to an individual's countable resources, meaning certain assets may not be counted, such as one vehicle, personal belongings, and in some cases, a primary residence, depending on other factors.

Other options listed reflect amounts that exceed the established limit for Medicaid eligibility, which can lead to ineligibility if an individual holds that amount in cash assets. Therefore, understanding these asset limits is crucial for individuals and families navigating Medicaid qualifications for nursing home care.