Although Medicaid is federally funded, it is administered at the state level, and each state has its own set of rules and regulations for this program. The income and asset levels allowed differ from one state to another, so be sure to find out where your balance sheet falls in relation t...
To be eligible for Medicaid, you cannot have recently transferred assets. Congress does not want you to move into a nursing home on Monday, give all your money to your children (or whomever) on Tuesday, and qualify for Medicaid on Wednesday. So, it has imposed a penalty on people who tr...
For example, the eligibility requirements for a pregnant woman may not be the same as that of a disabled person. How to apply for Medicaid The best way to find out whether or not you're eligible for Medicaid is to submit a Medicaid application. Here are two ways to apply for Medicaid:...
“Anyone on Medicare can be a target of Medicare fraud,” said Centers for Medicare & Medicaid Services (CMS) Administrator Chiquita Brooks-LaSure. “But there are steps you can take to protect yourself and your loved ones by using CMS’ fraud tips to recognize and report potential scammers....
Medicaid can cover nursing home care for those who qualify. To become eligible for Medicaid, you’ll have to spend down your assets until you meet strict requirements that vary by state. An elder law attorney or other Medicaid eligibility expert can help you navigate this process. Does Medicaid...
you need to be very detail-oriented to become a Medicaid specialist. Often, Medicaid specialists help potential clients fill out an application to receive services. The applications can be highly detailed and must be filled out completely and accurately before a client can become eligible for servic...
the cost of the annual Part B deductible. As a result, Medigap plans C and F are not available to those not eligible for Medicare before 2020. Those who had such plans before 2020 may keep them and those eligible for Medicare before 2020 may still be able to buy them after enrolling....
You don`t have to cancel any other health insurance you might have. Medicaid can pay the premiums, even if you are not eligible for Medicaid benefits. You can keep the part of your income. Medicaid allows you to keep small amounts for your personal needs. Services covered by Medicaid are...
You Lose Your Health Coverage: If you had Medicaid and are no longer eligible or if your retirement health plan or COBRA plan ends, you could be eligible to enter a Medicare special enrollment period (SEP). You’re Eligible for Other Health Coverage:If you’re still employed or on a spou...
If your income is above a certain amount, you may have to pay a higher premium. You may also pay a higher premium if you delayed Part D enrollment and you pay a late enrollment penalty. But if you have a low income, it’s possible that Medicaid or Medicare low-income subsidy will ...