Medicaid Limit for 2016

Medicaid Limit for 2016

As an insurance agent selling Medigap plans, I get a lot of questions about Medicare and Medicaid. So today I will be talking about Medicaid what the Medicaid limit for 2016.

What is Medicaid?

So what is Medicaid, in the United States is a social health care program for families and individuals with low income and limited resources. The Health Insurance Association of America describes Medicaid as a “government insurance program for persons of all ages whose income and resources are insufficient to pay for health care”. Medicaid is the largest source of funding for medical and health-related services for people with low income in the United States. It is a means-tested program that is jointly funded by the state and federal governments and managed by the states, with each state currently having broad leeway to determine who is eligible for its implementation of the program. States are not required to participate in the program, although all currently do. Medicaid recipients must be U.S. citizens or legal permanent residents, and may include low-income adults, their children, and people with certain disabilities. Poverty alone does not necessarily qualify someone for Medicaid.

 

 

I will go over a few states. The first one is Texas.

The first part of finding out if you qualify for Medicaid is what state are you in because each state is different and how many people are in your household?

Texas limit for Family of four

Include yourself, your spouse if married, and anyone you’ll claim as a tax dependent in 2016 who’s required to file a tax return. Include them even if they don’t need health coverage.

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4

Texas

 

Estimated 2016 household income: Savings programs you may qualify for:
Below $24,250 Since your state hasn’t expanded Medicaid, you probably won’t qualify for Medicaid based on your income alone. You also won’t qualify for savings on a Marketplace insurance plan. Next steps.
$24,250 – $60,625 A Marketplace health plan with lower monthly premiums plus savings on out-of-pocket costs, like deductibles and copayments. Next steps.
$60,626 – $97,000 A Marketplace health plan with lower monthly premiums. Next steps.
Above $97,000 You won’t qualify for savings on a Marketplace insurance plan. You can buy insurance through the Marketplace at full price, or buy from other sources.

Ohio Medicaid Limit for 2016 for a family of four

Household?
4

Ohio

 

Estimated 2016 household income: Savings programs you may qualify for:
Below $33,465 Free or low-cost coverage through Medicaid based on income alone. Next steps.
$33,465 – $60,625 A Marketplace health plan with lower monthly premiums plus savings on out-of-pocket costs, like deductibles and copayments. Next steps.
$60,626 – $97,000 A Marketplace health plan with lower monthly premiums. Next steps.
Above $97,000 You won’t qualify for savings on a Marketplace insurance plan. You can buy insurance through the Marketplace at full price, or buy from other sources.

What if you are in a State runs its own health insurance Marketplace?

If your state currently runs its own health insurance Marketplace. Visit your state Marketplace to learn if you qualify for lower costs on health insurance coverage.

VISIT YOUR STATE MARKETPLACE
Have more questions about Medicaid Medicare or Medigap? you can call me at (475) 88CARLY / or (475)882-2759

 

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By MEDIGAP on Incline