Asset limits and qualifying for Medicaid

[Anonymous]

I'm seeing mixed info online about asset limits. Some places say you can't have more than $2,000 total in your accounts. I had also read that as of 2014, there would be no asset limit. Some states have already eliminated the asset rule, but its supposed to become nation wide at some point.

Anyone know what the deal is for Maryland?

[Anonymous]

Medicaid is for the poor - if people are not poor why would the taxpayers pay for their care? I haven't heard anything about the asset limit being eliminated - GOD I hope not. I'll be interested to hear what other people know.

[Anonymous]

Anonymous wrote:Medicaid is for the poor - if people are not poor why would the taxpayers pay for their care? I haven't heard anything about the asset limit being eliminated - GOD I hope not. I'll be interested to hear what other people know.

The asset limit is (was?) really low. When people lose their jobs and health insurance, they shouldn't have to use up their savings paying thousands of dollars on health coverage when they need it to continue making mortgage and utility payments.

[Anonymous]

Anonymous wrote:I'm seeing mixed info online about asset limits. Some places say you can't have more than $2,000 total in your accounts. I had also read that as of 2014, there would be no asset limit. Some states have already eliminated the asset rule, but its supposed to become nation wide at some point.

Anyone know what the deal is for Maryland?

Assets limits for low-income people have been eliminated in all states, although not all states have expanded coverage for adults up to 138% (MD has).

Assets limits for people who need Medicaid to pay for long term care are still in place.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm seeing mixed info online about asset limits. Some places say you can't have more than $2,000 total in your accounts. I had also read that as of 2014, there would be no asset limit. Some states have already eliminated the asset rule, but its supposed to become nation wide at some point.

Anyone know what the deal is for Maryland?

Assets limits for low-income people have been eliminated in all states, although not all states have expanded coverage for adults up to 138% (MD has).

Assets limits for people who need Medicaid to pay for long term care are still in place.

Thank you. What does long term care mean? If someone loses their job/coverage and needs to get onto state insurance, how do they determine if a person will need long term care or not?

Are you able to post any links from where you read this? I haven't been able to find this info

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm seeing mixed info online about asset limits. Some places say you can't have more than $2,000 total in your accounts. I had also read that as of 2014, there would be no asset limit. Some states have already eliminated the asset rule, but its supposed to become nation wide at some point.

Anyone know what the deal is for Maryland?

Assets limits for low-income people have been eliminated in all states, although not all states have expanded coverage for adults up to 138% (MD has).

Assets limits for people who need Medicaid to pay for long term care are still in place.

Thank you. What does long term care mean? If someone loses their job/coverage and needs to get onto state insurance, how do they determine if a person will need long term care or not?

Are you able to post any links from where you read this? I haven't been able to find this info

Long term care = nursing home.

http://www.medicaid.gov/Medicaid-CHIP-Program-Information/By-Population/By-Population.html

http://www.medicaid.gov/AffordableCareAct/Medicaid-Moving-Forward-2014/Downloads/Medicaid-and-CHIP-Eligibility-Levels-Table.pdf

[Anonymous]

Thank you, pp!