My dad is on QMB medicaid in Florida. He had a car wreck, his car was totaled. The insurance company is going to pay him 4000 for the car. He still has his stimulus checks but this 4000 will put him over the 7,700 QMB limit. Does he have to report this to Medicaid? A car is a exempt asset and his car was ruined this is just the payment for the car. If he spends it on credit card debt right away should he still report it?