Low-Income Subsidy (LIS) Assets
What is and is not considered an asset by Medicare:
To determine your eligibility, Medicare may also look at your assets. Medicare counts these as assets:
- Cash (including checking and savings accounts).
- Certificates of deposit.
- Retirement accounts (like IRAs or 401(k)s).
- Stocks, bonds and mutual funds.
- Promissory notes.
- Property that could be converted to cash within 20 days.
- Life insurance policies.
Medicare does not count these as assets:
- Your primary home.
- Your primary car.
- Burial plots or agreements.
- Funds set aside for burial expenses (up to $1,500).