Asset question; if I am co-title on vehicle will that make a difference?

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T

Tigger226 Asked October 2019

Asset question; if I am co-title on vehicle will that make a difference?

I was told by my insurance agent that my mother could have the insurance in her name and I could be primary but I had to co- title the vehicle? I live in Michigan. I have looked everywhere to see where that is required, the vehicle is in her name but now she has no valid drivers license, she lives with me and I am her caretaker. Just curious when it comes to Medicaid spend down if I am co-title will that make a difference?

Asset Limits Medicaid

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Actually it has nothing to do with what type of car it is. You need to ask Medicaid because it varies from state to state. She’s basically not allowed to sign over her assets during the spend down or while on Medicaid. You need to ask your local Medicaid office whether your state will consider co-titling signing over an asset. If she’s not doing a Medicaid spend down and won’t need it in the next 5 years, go ahead and add your name to the title. She is allowed to have 1 car while on Medicaid.

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