Medicaid exempt assets: What Federal and State Laws grant

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PostPosted: Thu Mar 24, 2011 4:26 pm   Post subject: Medicaid  

I have a family of 8 and I keep getting denied for medicaid. I have 2 children that are constitly sick and are supposed to be seeing specialists I also have a chronic illness but do not qualify for any help. Now my youngest daughter has medicaid because she is only 3 yrs. old. My husband is the only one that works and I receive back child support payments. My husbands monthly income is $1,920.00 before taxes and what he brings home is about $1,600.00 after taxes. My child support is $359.96 a month. Our monthly bills exceed our income and we are behind on our mortgage. Why don't we qualify for medicaid if we don't have any cash on hand or in the bank? Is it because we are buying a house? What am I supposed to do if I don't have the money to get them medical treatment and the care that they need. I am fed up with this government bull****.


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PostPosted: Tue Mar 29, 2011 5:16 am   Post subject: property  

do you have to surrender your home for medical pmt back to medicaid


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PostPosted: Tue Mar 29, 2011 5:22 am   Post subject: income guidelines  

how much income is accountable to parents medicaid qualification. I work with a women who make approx $300 a week, she gets $500 a month child support for 2 children, their estranged father makes 0ver $900 a week clear after taxes and childsupport garnishment and their children are on MC+


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PostPosted: Fri Apr 22, 2011 12:32 am   Post subject: a TIAA-Cref TIAA account, is it countable?  

If one is taking funds out of TIAA-Cref traditional account via 10 payments over 9 years, with that being the only way one can access the founds, is the money remaining in the account a countable asset after say the third paymant?


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PostPosted: Tue Apr 26, 2011 8:25 am   Post subject: reverse mortgage lenders  

Medicaid is a helth and nursing program paid by state goverment. I really got more benefit by this article by studing this.

Thanks.

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PostPosted: Thu Apr 28, 2011 7:34 pm   Post subject:   

Quote:
I have a family of 8 and I keep getting denied for medicaid.




Sorry . . . did not see this post prior to now.



There is something dreadfully wrong if the circumstances are as you state. There is always an administrative appeals process for claims/eligibility denials. There are public advocates who can assist you with this process at no cost in most places.


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PostPosted: Wed May 25, 2011 10:34 am   Post subject: retirment IRA or 401K  

are these concered assets in ohio when applaying for medicaid


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PostPosted: Wed May 25, 2011 10:38 am   Post subject: retirement plan  

are IRA or 401K considered assets when applying for medicaid in Ohio


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PostPosted: Tue May 31, 2011 8:56 pm   Post subject:   

IRAs and 401(k)s are protected assets, but may be required to be used to pay a person's share of cost if over the age of 59-1/2. Money withdrawn from an IRA or 401(K) is considered INCOME and must be spent down each month as it is received.



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PostPosted: Wed Jun 15, 2011 8:44 am   Post subject: Medicaid exempt assets: What Federal and State Laws grant  

Wow , How a great information about the topic Medicaid exempt assets: What Federal and State Laws grant . I got all my question solved. Thanks for sharing it .

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PostPosted: Mon Sep 19, 2011 12:55 pm   Post subject: Stimulis Grant to bring home up to safe standards  

If I apply for a Gov. Grant to repair my home.Furnace broken(heating with space heaters)Large hole in floor leading to back door,back door falls off,front porch collapsed and falling away from house,windows covered with cardboard,etc.Would my medicare and medicaid be taken away from me?


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PostPosted: Tue Sep 20, 2011 5:04 am   Post subject:   

I don't think your medicare or medicaid would be taken away just to try and get govt. grant for your house, which seems to be severely needing a repair. You can inquire your state department about this issue.


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PostPosted: Tue Sep 20, 2011 7:11 am   Post subject:   

Government "grants" are not income, so they would not affect your eligibility for Medicare or Medicaid. In many cases, persons on Social Security, Medicare, or Medicaid qualify automatically for certain programs, such as reduced telephone service fees, reduced gas and electricity rates, plumbing, heating, and home weatherizing courtesy of their local utility companies. None of these programs would affect a person's Social Security, Medicare, or Medicaid benefits.



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PostPosted: Sun Oct 02, 2011 1:03 am   Post subject: How does cashing in an annuity affect my medicaid elegibilit  

I bought an annuity for $5000 six years ago. I am now in an Assisted Living Center in Illinois due to an illness aquired in January. I am on Medicare and Medicaid. Since I became sick my sister and some others moved my belongings out of my apartment, in to storage and back to where I now live.

All her expenses came close to $2000. I cashed the annuity and received $5628. I paid her $2000 and kept the rest for bills I had. What is my obligation, if any, to report this? And if so, who?


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PostPosted: Tue Oct 04, 2011 6:32 pm   Post subject:   

You have reportable income of $5628. The expenses to move your property to storage are probably not excludable. Your Medicaid allowance is $35. You must spend $5593 toward your "monthly share of cost" for Medicaid-eligible expenses. You could lose your Medicaid benefit for the month if your net assets exceed the statutory monthly maximum. As you do every month, you must report your income to the local county agency responsible for administering your claims.



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