[notrustincloud]

Except for the fact that the application paperwork requires disclosure of assets, even an insurable collection qualifies against a 'lack of income', and will need to be declared. Failure to disclose risks committing fraud, subject to recovery of assistance and prosecution. So, no, not really.

[trollbridge]

No, it doesn’t. You can have a million dollar home and it doesn’t count.

Passive interest income needs to be declare, or dividends, but just owning a depreciating asset doesn’t count. The one exception is qualifying for Medicaid nursing care in old age - that does require liquidating assets except for 1 car and a primary residence.

[bloppe]

I can assure you that I asked this question explicitly to the Medicaid case worker I spoke to on the phone. "Are you sure my bank account does not matter?". They said no. I don't like it either.