Many uninsured Americans fall into the Medicaid coverage gap due to income level and home state. Learn more about what this means and who it affects. Medicaid is a government-run program that provides health coverage to Americans with low income (note that Medicaid and Medicare are two very different programs). The Medicaid program is jointly funded and run by the federal government and the state
Starting in 2018, states were allowed to add work requirements to their Medicaid programs. The Biden administration has since put a hold on them. Medicaid was created alongside Medicare in 1965. While Medicare was intended to offer affordable health care for seniors, the goal of Medicaid was to provide care for people who could not otherwise afford it—those with low incomes, with
What Is an Easy Enrollment Program for Health Insurance?
Some states have created or are considering “easy enrollment” programs to connect residents with health insurance via their tax returns. A health insurance “easy enrollment” program is a system that uses data from state tax returns to connect people with available health insurance benefits.Since eligibility for modified adjusted gross income (MAGI)-based Medicaid, Children’s
Medicaid can take back the money it spent on your health care after you die by taking funds meant for your heirs. Find out if your estate is at risk. Medicaid, the state/federal health coverage program for low-income people, may take its money back from your estate after you die. It can do so if you received Medicaid-funded long-term care after the age of 55. In some states, this can happen if
Medicaid is health coverage for low-income Americans. Obamacare is a law that overhauled American health insurance, including an expansion of Medicaid Obamacare is a federal law, but it's also often used to refer to individual market health insurance obtained through the exchanges. Medicaid is government-run health coverage provided to people with limited incomes, and the expansion of Medicaid is
Do you qualify for Medicaid? Understanding how the government looks at your income and assets will help you to prepare for the future. Qualifying for Medicaid is not as straightforward as you may think, at least not anymore. While your income plays an obvious role—Medicaid is, after all, a program for the poor and medically needy—your eligibility could also depend on your
Have Florida Medicaid Share of Cost? Learn to maximize its benefits without going broke. Use it incorrectly and you'll pay more on coverage. If you're enrolled in the Florida Medicaid Medically Needy Share-of-Cost program, you need to know how to use this complicated health insurance correctly. If you use it incorrectly, you’ll pay more than necessary or miss out on Medicaid coverage
Can an Irrevocable Trust Protect Your Assets From Medicaid?
Many people turn to an irrevocable trust to protect their assets from Medicaid. There are definite pros and cons to this Medicaid planning approach. Learn more. Long-term care in a nursing home can be expensive. In 2020, the average cost for a semi-private room was $7,756 per month, increasing to $8,821 per month for a private room. When you consider the average Social Security payout in June 2020
The federal government pays $1 for every dollar a state pays for Medicaid, sometimes more. Understanding how this works is key for Medicaid reform. Should the federal government put limits on Medicaid spending? As it stands, two-thirds of all federal grants go to Medicaid. Before we get into a debate about how to reform Medicaid, we need to understand how the federal government currently
Intracranial hypotension is a condition in which pressure or volume in the brain cavity is below normal levels due to low levels of cerebrospinal fluid. Intracranial hypotension is a medical condition in which pressure or volume in the brain cavity is below normal levels due to low cerebrospinal fluid (CSF) levels. CSF is a clear, thick liquid that supports and cushions the brain and spinal cord.