Voltage stability margin in a power system is closely related with the availability of reactive power in the system. Therefore, adequate modeling of the reactive power sources becomes an important issue in this type of studies. The Minimum Singular Value of the load flow Jacobian matrix has been commonly used as a static voltage stability index. In this paper, such index is used to assess the influence on the static voltage stability limit of modeling the generators reactive power limits by its capability curve. Simulation results on a test system indicate that modeling the reactive power limits of the generating units by the simplified Qmin/Qmax approach, commonly used by most of the load flow programs, yields optimistic values for this voltage stability index.