Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 11-15-2013, 08:03 AM   #21
gone traveling
 
Join Date: Nov 2013
Location: Westcliffe
Posts: 228
As suggested here, I have found that I am indeed eligible for Medicaid starting Jan 1. Nobody can tell me why I received the email saying I was denied.

Thanks for your help. Much appreciated.
__________________

__________________
Mr. Paul is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-15-2013, 08:35 AM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,425
Great news for you!
__________________

__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is offline   Reply With Quote
Old 12-10-2013, 09:10 PM   #23
Full time employment: Posting here.
 
Join Date: Dec 2006
Location: chicago burbs
Posts: 559
I applied for ACA and got the Medicaid letter. What is the minimum income needed to avoid Medicaid. We live in Illinois and am looking to get aca coverage for my wife, son and myself. Most of our "income" is coming from taxable investments. We are also, of course, including my wife's and son's salaries from their pt jobs.

Thanks,
Golfnut
__________________
golfnut is offline   Reply With Quote
Old 12-10-2013, 10:42 PM   #24
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,393
We're not your research department. You should be able to figure it out in about 5 minutes using google or your state's subsidy calculator.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is offline   Reply With Quote
Old 12-10-2013, 11:15 PM   #25
Full time employment: Posting here.
 
Join Date: Dec 2006
Location: chicago burbs
Posts: 559
Quote:
Originally Posted by pb4uski View Post
We're not your research department. You should be able to figure it out in about 5 minutes using google or your state's subsidy calculator.
Tried that before posting. Maybe others can help.
__________________
golfnut is offline   Reply With Quote
Old 12-10-2013, 11:36 PM   #26
Full time employment: Posting here.
 
Join Date: Jul 2013
Location: San Diego
Posts: 700
Medicaid is available to people with up to 138% of the federal poverty level. For a family of three that would be up to $26,951 per year in the contiguous 48 states. Subsidies apply up to 400% of FPL on a sliding scale. Kff.org has a subsidy estimator.
__________________
AllDone is offline   Reply With Quote
Old 12-10-2013, 11:40 PM   #27
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2013
Posts: 5,326
Quote:
Originally Posted by golfnut View Post
Tried that before posting. Maybe others can help.
According to this article, you can earn up to 138% of federal poverty level - Illinois Medicaid: Gov. Pat Quinn signs law to expand Medicaid to up to 342,000 Illinoisans - Chicago Tribune

Then according to the chart below, for 2013 the federal poverty level in Illinois for a family of 3 at 100% would be $19,530, making 138% = $26,951.40.-

Federal Poverty Guidelines

(Posted at same time as Alldone's reply. Glad my math was right.)
__________________
daylatedollarshort is offline   Reply With Quote
Old 12-11-2013, 07:05 AM   #28
Full time employment: Posting here.
cantlogin's Avatar
 
Join Date: Sep 2006
Location: Pocono Mtns.
Posts: 884
Her's a link to the K.F.F. calculator that can provide state specific results.

Subsidy Calculator | The Henry J. Kaiser Family Foundation
__________________
cantlogin is offline   Reply With Quote
Old 12-11-2013, 09:20 AM   #29
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
It's important to remember that asset limits are still in place for states which have not expanded Medicaid. The 138% test applies specifically to states which expanded Medicaid, and in those states no asset limits apply.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 12-11-2013, 12:21 PM   #30
Full time employment: Posting here.
 
Join Date: Dec 2006
Location: chicago burbs
Posts: 559
Thanks to all who replied here. When applying, I know we had more than $27,000 entered into the ACA site (but still got the Medicaid letter). Want to avoid Medicaid.

Our scenario is we presently are covered by my former employer's retirement hc. The rub is it is $800 per month and it can be cancelled in years going forward (we are good for 2014). I know based on out limited income, the aca coverage (even a gold plan) with subsidies would be much cheaper. However, if I go to the exchanges, we cannot go back to my former employer's plan.

Also, looking far into the future, if the employer's coverage is still in place, it offers x/s coverage over Medicare at a present monthly cost of $691 (for both my wife and me). Not sure if this a reasonable price for x/s Medicare coverage.

Anyone out there with some comments or advice??

Thanks,
Propman
__________________
golfnut is offline   Reply With Quote
Old 12-11-2013, 12:53 PM   #31
Full time employment: Posting here.
Birdie Num Nums's Avatar
 
Join Date: Mar 2010
Location: Seattle-ish
Posts: 776
Quote:
Originally Posted by cantlogin View Post
Her's a link to the K.F.F. calculator that can provide state specific results.

Subsidy Calculator | The Henry J. Kaiser Family Foundation
When using that calculator and entering 2014 "annual income," is that the MAGI amount, for purposes of Medicaid? I understand that the Exchanges use MAGI, but does the state as well for Medicaid (using 138% of federal poverty level)?

The FAQ section linked by the calculator says, in part:
The calculator allows users to enter household income in terms of 2014 dollars or as a percent of the federal poverty level. Household income includes incomes of the taxpayer, spouse, and dependents. In determining eligibility for exchange subsidies, income will be based on your attestation of your expected income in 2014 and will be verified by the exchange with documentation from your most recent tax return, with consideration of reasonable changes you expect. Exchanges will calculate enrollees’ household incomes using Modified Adjusted Gross Income, or MAGI. The MAGI calculation includes such income sources as wages, salary, foreign income, interest, dividends, and Social Security. MAGI calculation does not include income from gifts, inheritance and some other income sources are partially excluded. More information on MAGI is available here.
__________________
Birdie Num Nums is online now   Reply With Quote
Old 12-11-2013, 12:58 PM   #32
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,424
Quote:
Originally Posted by Birdie Num Nums View Post
When using that calculator and entering 2014 "annual income," is that the MAGI amount, for purposes of Medicaid? I understand that the Exchanges use MAGI, but does the state as well for Medicaid (using 138% of federal poverty level)?
Yes. Income is determined using the same formula. Medicaid eligibility is also determined by the exchange.
__________________
MichaelB is online now   Reply With Quote
Old 12-12-2013, 02:06 PM   #33
Full time employment: Posting here.
Birdie Num Nums's Avatar
 
Join Date: Mar 2010
Location: Seattle-ish
Posts: 776
Just saw mention in a local TV newscast that 180,000 people have signed up for health care in Washington state in the last two months, with 160K of those approved for Medicaid, & 20K for other HI!
__________________

__________________
Birdie Num Nums is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Obamacare insurance premiums and Dividend Income. UtahSkier FIRE and Money 24 10-25-2012 03:19 PM
Sell High Buy Low and Repeat ferco FIRE and Money 23 08-06-2012 06:59 PM
What could you do in this case? ratto FIRE and Money 70 01-12-2012 09:55 AM
Income is too high for a Roth. ShortInSeattle FIRE and Money 6 01-06-2012 09:34 PM
Neuberger Berman High Income Bond Fund – glinka FIRE and Money 2 07-02-2011 05:09 PM

 

 
All times are GMT -6. The time now is 01:00 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.