California to Cut Medi-Cal Asset Limit to $21,000 in 2027
CalMatters reports that California's June budget will lower the Medi-Cal asset limit for seniors and people with disabilities to $21,000 starting July 2027, down from the current $130,000 cap set earlier this year. The state eliminated asset limits entirely in 2024 after years of advocacy, but reversed course amid a $12 billion budget shortfall, first reinstating a $130,000 limit and now cutting it further. A primary residence and one vehicle remain exempt, but enrollees cannot own a second home or vehicle or hold more than $21,000 in savings, retirement accounts, life insurance, or burial plots, while still meeting income limits around $1,800 a month for a single person. Advocates say the repeated rollbacks are part of broader federal and state cuts expected to strip coverage from more than 2.2 million Californians over four years.