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Income and assets are the guidelines for Medicaid. In most states you can never have over $2,000 in the bank.
Not anymore. It's now MAGI that qualifies you.
The rules got changed. Assets don't count.
That's how that millionaire was able to get medicaid.
https://www.medicaid.gov/medicaid/el...ity/index.html
The Affordable Care Act established a new methodology for determining income eligibility for Medicaid, which is based on Modified Adjusted Gross Income (MAGI). MAGI is used to determine financial eligibility for Medicaid, CHIP, and premium tax credits and cost sharing reductions available through the health insurance marketplace.
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The MAGI-based methodology does not allow for income disregards that vary by state or by eligibility group and does not allow for an asset or resource test.
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Some individuals are exempt from the MAGI-based income counting rules, including those whose eligibility is based on blindness, disability, or age (65 and older)
If you work, look into Medicaid's NJ WorkAbility program. NJ WorkAbility has higher income and resource limits than disability-based Medicaid, though you may have to pay a monthly premium. Learn more about NJ WorkAbility.
Another option is Medically Needy Medicaid. Under this program you have to pay the first part of your medical costs each month, before Medicaid starts paying for your health care expenses (sometimes called a spend-down, this is similar to having a monthly deductible). The amount you have to pay depends on how much income you have. Talk about this option with a Health Benefits Coordinator at 1-800-701-0710 or 1-800-701-0720 (TTY) or visit an outreach and enrollment site in your county.
Note: If you work, NJ WorkAbility may be a better option than Medically Needy Medicaid.
The part of the thread title that needed quotation marks wasn't disabled, it was "movie star." This guy has had a featured role in 4 episodes of a Hulu tv show because he's the real life friend of the person the show is focused on. If you seriously think he's making big bucks or that makes him a "movie star" you have no idea how the entertainment industry works. As a matter of fact, he is continuing to work as a substitute high school teacher to bring in additional money. And sure, sure, everyone knows substitute teachers make bank
A movie star who uses a wheelchair also gets NJ Medicaid because he’s “disabled.” He recently wrote an open letter complaining about his State paid health benefits and said people should riot over health care:
I field phone calls for the NY Exchange, and that includes filling out and updating applications for health insurance. I have NEVER asked anyone about their assets or resources on a financial assistance application. That is stated right in the question on the application concerning income other than from a job or Benefits that the Marketplace will not ask about assets or resources.
The state asks for copies of your bank statement when you apply.
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