What does Asset Disregard allow individuals to do?

Asset Disregard is a provision within Medicaid regulations that allows individuals to retain certain assets when applying for Medicaid coverage. This is particularly important for individuals seeking long-term care benefits, as Medicaid typically has strict asset limits to qualify for assistance.

By enabling individuals to keep specific types of assets—such as a primary residence, certain types of personal property, or funds designated for burial expenses—Asset Disregard helps ensure that those in need of Medicaid support are not unduly penalized for having modest resources. This provision works to protect a certain level of financial stability while still providing access to essential health care services.

The other options do not accurately describe the role of Asset Disregard. It does not pertain to increasing income for Medicare eligibility, reducing liabilities on Medicaid applications, or eliminating tax obligations. Instead, its primary function is to allow Medicaid applicants to retain essential assets without being disqualified from receiving benefits.