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.
• Mortgages.
• 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).