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Medical Assistance for Employed Persons with Disabilities
2.3.5.3.1 Assets (Archive)
Assets are items of value that people own like bank accounts, stocks and bonds, cars, and real estate.
Medical Assistance for Employed Persons with Disabilities (MA-EPD) limits the amount of assets people can own to be eligible for coverage. There are also rules about what people must do with their assets in order to establish and maintain eligibility.
Asset Limit
The asset limit is $20,000 for people age 21 and older. Children younger than 21 have no asset limit.
Asset Exclusions
In general, the MA for People Who Are Age 65 or Older and People Who Are Blind or Have a Disability (MA-ABD) asset policies apply to MA-EPD. See the MA-ABD Assets chapter for more information. In addition to the MA-ABD asset exclusions, MA-EPD also excludes:
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Retirement accounts including:
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Individual retirement accounts (IRA), including IRAs held in the form of an annuity
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401(k) plans
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403(b) plans
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Keogh plans
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Pension plans
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Medical expense accounts set up through an employer, including Health Savings Accounts (HSA)
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Spousal assets, including the spouse’s share of jointly held assets
Legal Citations
Minnesota Statutes, section 256B.057