WV Center on Budget and Policy > Publications > Family Economic Security > Children and Families > Save Up, Not Spend Down: Eliminating the Asset Test for Families in Medicaid and TANF

Save Up, Not Spend Down: Eliminating the Asset Test for Families in Medicaid and TANF

October 6, 2011 by

It’s time to eliminate the asset test for Medicaid and TANF. Right now low-income West Virginians are required to spend down their assets like retirement accounts before they can qualify for financial assistance like Medicaid. Families are depleting resources that could help in the long-term so they can qualify for short-term assistance. Many other states don’t do this, and West Virginia could save administrative costs and help its low-income families by following their lead. Read