What is the income and asset limit for Medicaid eligibility?

The answer varies by state. In New York, in order to be eligible for Medicaid, there is an asset limit of $30,182. There are ruled relating to income that are different for community care and nursing home care. Even if you have income or assets greater than the Medicaid eligibility limits, there are options to plan to allow you to protect your finances and become eligible for Medicaid long term care services.