Federal law establishes the basic rules and regulations for the Medicaid program. States may modify those rules and regulations within certain limits. Consequently, Medicaid rules and regulations vary by state and you should always consult the specific rules and regulations of your state before acting on general guidelines. Medicaid allows a client on Medicaid to own one vehicle which might be exempt from the $2,000 limit on assets.
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A Medicaid client owning an automobile may have the vehicle exempt from being counted as an asset subject to the $2,000 limitation on the total value of assets if the vehicle meets one of four requirements. Among those requirements are: the vehicle must be needed for employment, the automobile is needed for transportation to and from medical appointments, the vehicle has been modified for use by the handicapped or the vehicle is needed for daily activities because the client lives in a remote area.
