<p>So here’s the deal, several months ago I went to reapply for medical insurance (Medi-Cal in California) but was denied because I owned (and still do) assets in excess of $2,000. I thought this strange since virtually of the money in my bank account is from financial assistance (Pell Grant). Added to it, I’m a full time student who’s parents can’t work and are covered under Medi-Cal. After being denied I wasn’t sure what to say in defense of myself, but to me this doesn’t make much sense and obviously I’m worried about the prospect of having no medical insurance and something bad happening.</p>
<p>Are you age 18? If so, it may not matter what your parents’ situation is…did you have to apply separately? I don’t know the rules of Medi-Cal but this sounds as if they have a resource limit:</p>
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<p>While they may be able to subtract the student aid from your income, it’s unlikely that it is exempt from the asset base. Do you anticipate having educational expenses that you’ll have to use these funds for (ie. next semester’s tuition)? If so, can you prepay them? If not, your college should have a student medical insurance plan in place that you should enroll in and you can use some of the excess Pell funds to pay for that.</p>