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You may not qualify for the Medicaid and QMB because of the IRA account. However, there are many services available for senior citizens. You may want to contact your local County's Department of Aging and Senior Services. Please see below for details.
Fiona Chen, MPA, Ph.D., CPA, ABV, CFF, CITP
To qualify for QMB, the income and assets limitation is as follows.
Specifically, to qualify for the QMB program you must have income and assets meeting 100% of the Federal Poverty Level (FPL). (You can click here to read more about the current Federal Poverty Level.)
Hypothetically speaking, if an investor had a