Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > New York City
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 02-19-2015, 01:43 PM
 
84 posts, read 194,271 times
Reputation: 138

Advertisements

I was wondering if anyone here has any idea what cutoffs are in place with state benefits (medicaid, foodstamps) and bank account balances?

How much can you have in your bank account(s) before you lose coverage?

I was forced in Medicaid this year 2015 because they claim I make less than $17,000/year so they assume poor... But what would they do if you have a high checking and/or savings account balances? What is the limit? Thanks...

edit: I also should have asked; will payments for my rent or other bills send red flags? Example depositing money and quickly sending it out. If someone is paying 2,500/month in manhattan will the state be all in my business as to where the money is coming from?
Reply With Quote Quick reply to this message

 
Old 02-19-2015, 01:46 PM
 
3,403 posts, read 3,547,074 times
Reputation: 3734
Quote:
Originally Posted by W33ZER View Post
I was wondering if anyone here has any idea what cutoffs are in place with state benefits (medicaid, foodstamps) and bank account balances?

How much can you have in your bank account(s) before you lose coverage?

I was forced in Medicaid this year 2015 because they claim I make less than $17,000/year so they assume poor... But what would they do if you have a high checking and/or savings account balances? What is the limit? Thanks...

edit: I also should have asked; will payments for my rent or other bills send red flags? Example depositing money and quickly sending it out. If someone is paying 2,500/month in manhattan will the state be all in my business as to where the money is coming from?
You have to state that in the application about the money you have on your saving account. I don't know what's the limit, but if you provided these information on the application and they approved the application, then you are fine.

I hope someone will have an answer for you.
Reply With Quote Quick reply to this message
 
Old 02-19-2015, 01:52 PM
 
84 posts, read 194,271 times
Reputation: 138
My point is, once already locked in, what happens if you go over some type of limit or fluctuate inbetween all year(s)?
Reply With Quote Quick reply to this message
 
Old 02-19-2015, 01:56 PM
 
3,403 posts, read 3,547,074 times
Reputation: 3734
As far as I know, you have to disclose it when your renewal comes up, and do you need to tell them now? I don't know the answer, but I am assuming no because I never heard anyone told me that you are require to tell them once you have certain saving because that could be simply the temporary, or money that you borrow from someone to use for some kind of expensive purchase.
Reply With Quote Quick reply to this message
 
Old 02-19-2015, 05:13 PM
 
Location: Nassau County, NY
20 posts, read 39,961 times
Reputation: 63
When its time to re-certify you might have to disclose funds in your account. They have a way of finding if you have bank accounts and money in them. I believe most programs do not allow a person more than two thousand dollars in savings or they will allow money for a burial fund. That is why some children withdraw their parent's money from the bank when applying for medicaid for their parents if they go into a nursing home. You have to be careful with having any savings while receiving any type of aid if you do not disclose it. I know a few folks who were sanctioned or brought up on charges for hiding funds or unreported income. I think with medicaid if you go over the limit, they make you pay something. My dad retired early and eight months before he was eligible for medicare he had a stroke. The hospital ended up getting medicaid to help with the bill. However because they said his assets were over the limit they put on medicaid spend down. If he used medicaid he would have to pay a portion of the bill.
Reply With Quote Quick reply to this message
 
Old 02-19-2015, 05:31 PM
 
3,403 posts, read 3,547,074 times
Reputation: 3734
That's good to know.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:




Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > New York City
View detailed profiles of:

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top