When determining whether an individual qualifies for Medicaid, states impose both functional and financial tests. Functional means that the applicant must demonstrate medical need. Financial means that such an individual must demonstrate financial need. With proper planning though, it’s possible to meet the financial need prong even if assets exceed the threshold amount set by the state. Read on to learn more.
Latest posts by Brandon McGee (see all)
- When Estate Planning Documents Say One Thing—and Mean Another - August 12, 2026
- Will My Estate Be Subject to Estate Taxes? - August 5, 2026
- Celebrity Estate Planning: Tony Hsieh’s Estate Is Back in the News - July 29, 2026