How do I qualify for Medicaid?

There is so much confusion about Medicaid. Some get it mixed up with Medicare. Some think you have to be flat broke to qualify. Some think it will put you in "dumps". Some think it's not worth the hassle.
But Medicaid is a program that entitles many Americans to benefits they aren't claiming. Benefits that can help the caregiving process.
Kim and Mike Barnes of Parenting Aging Parents talk to Keith Leuty and VeeCee Spear of the law firm Barnett & Leuty, PC, a Partnering Sponsor of PAP. They clear up some confusion about what Medicaid really is, how it can help, the three boxes you need to check to qualify and some misconceptions about income and the 5-year look back.
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[@daveicc495]

Please mention the use of ABLE account and transferring an IRA over to it

[@parentingagingparents]

There are so many nuances with Medicaid and people's individual situation. I'd definitely advise talking to an attorney and/or accountant who's well versed in Medicaid.

[@dennykeaton9701]

What's an Able account

[@user-od6xp7un5l]

If I quit my job do I still qualify for Medicaid if I was previously getting healthcare through my employer? 19 and 16 weeks pregnant. Don’t know if that would make a difference located in IL

[@parentingagingparents]

Medicaid is a joint federal and state program that can you apply for if you meet certain income requirements. You apply through your state. Here's a website for IL: hfs.illinois.gov/medicalclients/medicaidguide/applying.html

[@texasdime1978]

How much would lawyers like them typically charge?

[@parentingagingparents]

Sorry for slow reply. It's going to totally depend on how much needs to be done. Some law firms will give you a free consultation so you'll know what you're facing.

[@artgutierrez7110]

can you explain the difference in between having a life insurance policy could affect being qualify?

[@parentingagingparents]

I'd check with the Centers for Medicare & Medicaid Services www.usa.gov/agencies/centers-for-medicare-and-medicaid-services. There's also a link there to find your state Medicaid office since benefits vary by state.

[@paulawhitehead7321]

I will be meticulous when it comes to Medicaid qualifications. They do not tell you that this program can take your home as a pay-back. Both the federal and the county will collect their money somehow somewhere

[@thijscoman]

Agreed. In some instances it may be smarter to purchase a long term care policy.

[@parentingagingparents]

It is all so confusing and every person's situation is definitely different. Finding a person who can advise you and your situation can help you decide what's the best plan of action for you.

[@poneklr]

They can't touch your home if it has a homestead exemption attached to it. Also if you quit claim deed the home to someone or leave it to them in a will the home cannot be touched.

[@dylanmckee4642]

Can you qualify for Medicaid if you've never had a job, and still don't work?

[@parentingagingparents]

Medicaid differs by state so would look up the state where you live. Here's a link to the Medicare/Medicaid website that should point you in the right direction. www.healthcare.gov/blog/who-qualifies-for-medicaid/

[@emeraldkimble7602]

Capital gain on primary home not taxed

[@parentingagingparents]

I'm not an attorney but I believe there's a cap on how much capital gain isn't taxed. I'd consult an attorney!

[@emeraldkimble7602]

@@parentingagingparents
How do I pay for this attorney? It happened to my parents and. Maybe to you vacation secondary bhome sake taxed
A lot ot this had to do eith Medicaid Medicare qualification s 7nder right hundred s month I font wualify

[@nancysoles6047]

I made up a rhyme to differentiate the 2.
MEDICAID-don’t get paid.
MEDICARE-got gray hair.

[@parentingagingparents]

It can be hard to keep them straight!

[@user-jj5vb8wm5b]

What if you put you were pregnant but then got a abortion

[@user-jj5vb8wm5b]

I was accepted and only use it for adhd medication

[@parentingagingparents]

I'd consult Medicaid expert.

[@dennykeaton9701]

Ouch. Not good

[@dennykeaton9701]

Ughh