What determines whether a person passes the financial test to qualify for Medicaid?

The qualification for Medicaid is primarily determined by state law. While federal law sets broad parameters and guidelines for Medicaid programs, each state has the authority to establish its own eligibility criteria within those parameters. This means that income limits, asset tests, and other financial requirements can vary significantly from one state to another, reflecting local policies and economic conditions.

State law also dictates how the financial resources of an applicant are evaluated and the specific documentation required, such as bank statements, tax returns, and other financial records. Therefore, the correct answer indicates that it is the laws of each individual state that ultimately determine whether a person passes the financial test for Medicaid eligibility.