Can a 50 thousand dolars MorganStanley accoun t be considered as an exempt property in Medi-Cal application?

Question

to apply for Medi-Cal, there is a limitation of property reserve.

income producing property is to be considered as an exempt property, but nonbusiness accounts where cash is available upon demand,do not belong to exempt property.
Do MorganStanley accounts belong to business accounts?

Answer 1

I can not address how it is applied in California, but in Georgia it would be considered to prevent you from receiving Medicaid and I would think it would work the same way there.

Answer 2

This MAY depend on the type of account. Is it an IRA or other retirement account? If it is an ordinary investment account, it is probably not exempt. A retirement account might have different rules.