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Dr. Fiona Chen
Dr. Fiona Chen, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 473
Experience:  Former IRS Revenue Agent
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If someone wants to apply for Medicaid because they only

Customer Question

If someone wants to apply for Medicaid because they only make 15k a year but they have retirement accounts does it matter that they have money in retirement accounts ?
Submitted: 5 months ago.
Category: Finance
Expert:  Dr. Fiona Chen replied 5 months ago.

Dear Customer,

Use the following website to see whether you qualify. It does not matter you have money in retirement accounts. The new medicaid has new method to calculate. It is income and family size driven. A person or household will qualify because it is health insurance. It is purely determined by income. Age should not matter, either. Apply anyway. From the surface, with your numbers, I cannot see why you don't qualify.

https://www.healthcare.gov/

https://www.healthcare.gov/lower-costs/

http://www.hhs.gov/answers/medicare-and-medicaid/who-is-eligible-for-medicaid/index.html

Please feel free to follow up.

Regards,

Fiona

Fiona Chen, MPA, Ph.D., CPA, ABV, CFF, CITP