CalAIM Section 1115 Demonstration: Asset Test Amendment Approved
On June 29, 2022, the Department of Health Care Services received federal approval of California's two-phased approach to increase, and eventually eliminate, asset limits for certain Non-Modified Adjusted Gross Income (Non-MAGI) Medi-Cal populations through the CalAIM Section 1115 Demonstration waiver amendment. The changes will affect the Non-MAGI Medi-Cal beneficiary population who have historically been limited in the amount of property they can own and retain, and still be eligible for Medi-Cal.
Effective July 1, 2022, asset limits will be increased to $130,000 per person and $65,000 for each additional household member. The prior asset limits were $2,000 per person and $3,000 for two people. Beneficiaries will be able to keep additional resources, resulting in increased financial stability and improved quality of life. This increase in asset limits will make Medi-Cal coverage accessible to a larger number of potentially vulnerable Californians, including elderly and disabled individuals. The eventual elimination of the asset limit, to be implemented no sooner than January 1, 2024, will significantly improve access to Medi-Cal coverage. For more information, please visit the DHCS website.