nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
It really is obscene, but even though I have substantial assets I just qualified for Medicaid because my net income from rent and dividends is around $12k/year. I was applying for an ACA plan, but according to the rules I get Medicaid. In 18 months I'll be 55 and able to start my pension and pay $100/month for ex-employer health insurance. I now realize that if I defer the pension and keep spending carefully from my after tax accounts to keep my income low I can continue on Medicaid and save myself $1200/year in insurance premiums.........so because I've got plenty of money, but little income I can keep the Medicaid........this really is a case of the 99% getting ripped off by the 1%.