To qualify for Oklahoma’s Medicaid program, you must be considered low-income. Individual applicants can have an annual income of up to $32,904, while couples who are both applying may earn up to $65,808. Income from all sources counts, such as Social Security and veterans’ benefits, pensions, rental property income, annuities and withdrawals from retirement accounts. Single applicants can have up to $2,000 in countable assets, and married applicants can have up to $4,000. Assets such as a primary residence, one vehicle and personal belongings don’t count toward this limit.
If your income and assets exceed these limits, you may still be eligible for Medicaid. You might qualify by depositing excess funds in a qualified income trust or by spending down your assets. If your spouse isn’t applying for coverage, they may be eligible for a minimum monthly maintenance needs allowance, which could reduce your income to within the limit. They may also keep up to $148,620 in jointly owned assets.