Receiving Medicaid but probably shouldn’t be?

Hello! I live in New York State and have a Medicaid question. In January 2024 I lost my job due to a downsizing and I immediately went on an Obamacare exchange (Cobra was way too expensive). For a year I had a monthly premium of $250 or so for a Bronze plan with a subsidy. Cut to a year later in January when suddenly my premium went to $900+. With that being quite expensive, and no job in sight despite trying as hard as I could (and still trying), I called the NYS Exchange to see what my options were. After explaining the situation, the kind woman on the phone asked me to wait a few minutes, and she came back and said I likely would be eligible for Medicaid. Then after about 30 minutes of questions, she took 10 minutes and came back and said I qualified.

So here's the issue – I have close to $1,000,000 in the bank – virtually all in retirement, but a portion liquid. I also own an apartment with a mortgage. I frankly was surprised/shocked that I qualified, but I just thought well if NYS says I qualify then I qualify. I haven't used it all.

It's been almost six months since I started on Medicaid, and I am trying to budget for the future. Surely there is no way they can renew it, right? Does anyone have any explanation about why I qualified? I do remember them asking about my financial situation – I don't remember the exact questions – but whatever they were I was completely honest. Of course, there is an ethical question here as well and trust me it is on my mind.

Would appreciate any thoughts! Should add that i am 55 years old.