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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (760983)	1/2/2014 8:51:36 PM
From: Wharf Rat	Respond to of 1575173

"They didn't get free care, unless they were pretty broke to begin with." Here are the asset limits for those applying for Medicaid. They include: Cash – You can possess $2,000 cash that will not be counted as an asset in determining your Medicaid eligibility. Home – There is a $500,000 exclusion toward your home, meaning that if your home is valued at $500,000 or less at the time of your application, your home is excluded as an asset. Some states use the higher permitted exemption of $750,000. Car – Up until recently, you could exclude only one car at a value of $4,500 or less, however that law has been changed. Now, one automobile of ANY current market value is excluded on your application. Funeral and Burial Funds – If you have a pre-planned funeral or memorial arrangement, the entire value of that plan is excluded. If you do not, a separate bank account that contains $1,500 toward funeral expenses can be excluded. If you have pre-purchased burial plots, you can exclude not only the costs of the plot for the applicant, but for the entire family, and still be eligible for Medicaid. Property – According to federal law, any real or personal property that is essential to self-support, regardless of value or rate of return, is excluded. That could include farms, rental properties and other real estate investments that generate income necessary for self-support. For rental income, however, the property must generate at least 6 percent of its value annually in order to qualify for the exclusion. Life Insurance – Only the cash value of a life insurance policy owned by the applicant is counted, thus, all term policies are ignored. agingcare.com Who is Eligible for Medi-Cal today?The following persons may be eligible: Children under 21 years of age Persons 65 years of age and older Disabled and blind persons Pregnant women Women who have been screened for breast and/or cervical cancer Families where at least one child is under 21 and at least one parent is absent, disabled, unemployed or working (depending on hours worked and income earned) Anyone who is eligible for CalWORKS; Supplemental Security Income and State Supplemental Program (SSI/SSP); Entrant or Refugee Cash Assistance (ECA or RCA); or In-Home Supportive Services (IHSS); Foster Care or Adoption Assistance Program. Other individuals may also qualify but may have to pay a share of their medical expenses each month (share-of-cost) before coverage begins. See the Coverage Today section of the site for more information. Who Will be Eligible in 2014? Who is Eligible for Medi-Cal Beginning January 2014?Medi-Cal services will be expanded beginning January 2014. In addition to the individuals who satisfy the eligibility requirements listed above, Medi-Cal will also be available to adults under 138% of the federal poverty level who are citizens or legal California residents for 5 or more years. For example, under 2011 FPL levels, a single individual making less than $1252 per month, or a couple making less than $1,691 per month, would be eligible. If your income is close to these levels, you should still apply because some income may not count. More information is available in the Help Paying for Coverage section.