For MABD, you can have up to $2,000 in “countable” resources. A couple living together can have up to $3,000 in “countable” resources. The resource limits for MWD are higher: $10,000 for an individual and $15,000 for a couple. Resources that “count” include cash, savings, bonds, CDs, stocks, mutual funds, bank accounts, and real property such as a separate parcel of land or a camp that is not your home.
If you live in your home, it is not counted as a resource. Your car is also not counted. Many other resources such as household items, personal property and burial funds are not counted up to a certain amount. For example, you and your spouse can keep up to $10,000 each in separate burial funds.
Whether resources are counted or not is complicated. Also, countable resources can be spent down or converted (changed) to excluded resources.