Finance

Have Finance Questions? Ask a Financial Expert Online.

Ask an Expert,
Get an Answer ASAP!

Finance
This answer was rated:

I have full legal custody of my 2 grandchildren. I am at my

full retirement age (66) and...
I have full legal custody of my 2 grandchildren. I am at my full retirement age (66) and I am collecting my Social Security and still working full time. I didn't know unil I made my application that my two grandchildren age 14 and 15 would qualify for benefits. So we have been receiving benefits since October. My Daughter (the children's biological Mother) has been living with us for the last few months. She has been diagnosed as Bi Polar and is requiring some psychiatric help. She was on medicaid for several years as a single Mother before the children had to move in with me.They have been with me for 10 years. When she recently moved in with us, she applied for Medicaid. She told them that I had full adoptive custody, and she was living in the house with us. She has no income, but when filling out the form, she listed me as head of household, the chilren as my adopted grandchildren, and the children as her biological children. She was denied based on her salary being too high. She doesn't have a salary.
Could they have been refering to my salary? I also have the children on my Blue Cross policy at work. While they turned her down for Medicaid, the aproved the grandchildren. What should she do from here?
Show More
Show Less
Ask Your Own Finance Question
Answered in 10 minutes by:
1/4/2013
Megan C
Megan C, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 16,593
Experience: Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
Verified
Thank you for your question, and thanks for using JustAnswer.com. I'm sorry to hear about your situation. Unfortunately, when you apply for Medicaid the entire household income is considered during the application process. Therefore, your income was counted.

You need to have the children removed from Medicaid if they are on your health insurance policy. This can be accomplished with a simple phone call.

Your daughter would have better luck getting on Medicaid if she lived alone, unfortunately. So you are between a rock and a hard place. I'm sorry that I cannot be of any additional assistance, but there's nothing else at this point that can be done other than for her to be out on her own.

Please let me know if you need any additional assistance. You can CLICK HERE to read about Medicaid eligibility. This is from New Hampshire, but all states follow basically the same guidelines, it's just that income level cutoffs are different.

Thanks again for using JustAnswer.com and have a safe and happy 2013.


** Please take a moment to rate my response as "Excellent" so that I may be compensated for assisting you today. Please let me know if my assistance was anything less than "OK Service", as I am compensated based on whether or not I have assisted you with your issue. If you need further clarifications, PLEASE WAIT TO RATE MY ANSWER UNTIL AFTER RECEIVING FOLLOW UP FROM ME. If I receive anything less than OK Service, I do not get paid. Thank you for your kind understanding in this matter. If you have difficulties rating, then simply respond stating that you are having difficulties rating and thank me for my excellent, good, or ok service and we can get the rating applied by the site*
Megan C
Megan C, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 16,593
Experience: Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
Verified
Megan C and 87 other Finance Specialists are ready to help you
Ask your own question now
Thank you for the positive rating. Please remember me the next time you have a question. Simply enter "MyVirtualCPA" in the subject of your question, and it will be routed directly to me. Thank you again for using JustAnswer
Ask Your Own Finance Question
Ask Megan C Your Own Question
Megan C
Megan C
Megan C, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 16,593
16,593 Satisfied Customers
Experience: Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

Megan C is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Rakhi Vasavada

Rakhi Vasavada

Financial and Legal Consultant

2,608 satisfied customers

Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years

Megan C

Megan C

Certified Public Accountant (CPA)

16,593 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

1,920 satisfied customers

More than 5000 online tutoring sessions.

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

Eric

Eric

Financial Manager

559 satisfied customers

Loan servicing, counseling and real estate expert. Foreclosure Expert and Financial Planner.

R. Klein, EA

R. Klein, EA

Accountant

480 satisfied customers

TurboTax Expert. QuickBooks Certified Pro Advisor

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

332 satisfied customers

NASD Licensed Rep, 1997-2001, Business Attorney

< Previous | Next >

Related Finance Questions
I need to understand how to navigate the affordable care act
I need to understand how to navigate the affordable care act if I have little to no taxable income. My children receive SS payments from their retired father. I work part-time. My part time income for… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I am on a non-immigrant visa and I was out of the US for
HiI am on a non-immigrant visa and I was out of the US for around 4 months in 2017. As I was out of US, I didn't have any health insurance. I am preparing my tax filing now and I want to specify the m… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
One of my relatives is self employed and makes around
One of my relatives is self employed and makes around $140,000 a year. She would prefer insurance through the marketplace, but she doesn't qualify for subsidies. Where can she buy health insurance tha… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I am the owner of an LLC and I'm the sole member. I'm
I am the owner of an LLC and I'm the sole member. I'm looking to get health insurance but not sure if I can afford the monthly costs. But if I don't get insurance then I have to pay a penalty fee whic… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,282 satisfied customers
As a sole proprietor with no workers, do I pay a penalty for
As a sole proprietor with no workers, do I pay a penalty for last year because I was not covered under Obamacare health insurance?… read more
Carter McBride
Carter McBride
LLM
265 satisfied customers
What steps would we need to take so that our benefits are
What steps would we need to take so that our benefits are paid with pretax dollars through our company which my wife and I own ?… read more
Carter McBride
Carter McBride
LLM
265 satisfied customers
My daughter is 22 yo and graduated from a community college
My daughter is 22 yo and graduated from a community college last year. She has been working part time since then and this Fall started classes as a full time student at a four year college in her juni… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
My wife just lost her job at the end of September and with
My wife just lost her job at the end of September and with that our family health insurance. We are signing up for a new family health insurance plan but it will start from November 1st on. Will we ha… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
How does this service work? I want to know how this service
I'd like to know how this service works - how much it costs, etc … read more
TaxRobin
TaxRobin
Vocational, Technical or Trade School
1 satisfied customers
I am receiving a health insurance benefit from the ACA. If I
I am receiving a health insurance benefit from the ACA. If I liquidate a real estate asset in October my adj gross income will be over the threshold but only for the 4th quarter. Will the IRS see it t… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
1,084 satisfied customers
I have an S Corp. I deduct ,my health insurance expenses on
Hi. I have an S Corp. I deduct ,my health insurance expenses on Form 1040, line 29. My wife and I started paying Medicare Part B and Med Supp insurance in October. In 2016, we paid our fourth quarter … read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,808 satisfied customers
Can I deduct my health insurance costs on my 1040 form? If
Can I deduct my health insurance costs on my 1040 form? If so, is it on line 61, or do I itemize it on Line 1 of Schedule A? What are the limitations? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,808 satisfied customers
I actually have a health insurance question and I couldn't
Hi, I actually have a health insurance question and I couldn't find a category for that. I was hoping that someone on here could help me. I have two insurances. My primary just sent me notification of… read more
ABC Accounting Group
ABC Accounting Group
Bachelor\u0027s Degree
686 satisfied customers
I need health insurance that covers mental health as well,
I need health insurance that covers mental health as well, specifically psychologists. Any recommendations for companies that offer reasonable plans for a 29 year old male?… read more
Dr Arthur Rubin
Dr Arthur Rubin
Doctoral Degree
24 satisfied customers
In order to get health insurance with a lower premium
In order to get health insurance with a lower premium because of the tax credit, I would need to claim some of my saving as income for 2017. How would I claim this next year, theven saving is from mon… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I got a question for ma taxes on health insurance and if
i got a question for ma taxes on health insurance and if value point by mutiplan will help me with not getting penalty on my taxes in the state of massachusetts… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,808 satisfied customers
Wife was forced to resign. We have no health insurance as of
Wife was forced to resign. We have no health insurance as of November 1st 2016. Kids have medical cards, thank goodness. I looked at the Obamacare exchanges and it's a lot better for just me and my wi… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
This is a question about how health insurance works for new
This is a question about how health insurance works for new babies. My wife is pregnant and is signing up for health insurance. They offer family plans. Presumably, she does not sign up for a family p… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,808 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x