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Lane
Lane, JD, CFP, MBA, CRPS
Category: Finance
Satisfied Customers: 10149
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
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I am 67, healthy, low income and recently on Medicaid in OH

Customer Question

I am 67, healthy, low income and recently on Medicaid in OH including food stamps. I own my own home. Assets are close to high end qualifying. If family pays my about $2000
property tax installments 2x a year does this affect my Medicaid? How? I have also had variable ($1500 to $3500) income from a seasonal summer job if relevant. (some extra income in July when second installment due if relevant with highest income in September when student workers work less) Cannot predict next summer. Family wants to help. My Income cannot possibly cover all living expenses including the taxes. What about monthly family help?
Submitted: 11 months ago.
Category: Finance
Expert:  Lane replied 11 months ago.

Ohio now uses MAGI rules to determine who is counted in Medicaid households and what income is being counted?
The introduction of MAGI rules is a federal requirement introduced to all states. MAGI rules make calculating household size and income consistent across the United States.
The new MAGI standards are based on federal income tax rules and uses a tax filer’s family size and income to determine eligibility. If you do not file taxes, your family size will be based on the number and age of the immediate family members who live with you. In general, only income included for federal tax purposes is counted. Income that is not included when filing federal taxes is most likely not counted for MAGI calculations.
For example:

  • Child support is not considered income when filing federal taxes. Child support is not counted as income when determining Medicaid eligibility.
  • Spousal support is considered income when filing federal taxes. Spousal support is counted as income when determining Medicaid eligibility.
Expert:  Lane replied 11 months ago.

Since these gifts from family are not included on your tax return, they do not affect eligibility.

...

Best practice here would be to document that they are gifts ... if you keep them below 14,000 from any one person to you, then you do not have to file any gift tax form

...

Expert:  Lane replied 11 months ago.

Hi,

I’m just checking back in to see how things are going.

Did my answer help?

Let me know…

Thanks

Lane

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