BarbaraOK wrote:
scroller95969 wrote:
Also once you turn 65 you would have to qualify for Medicaid the same way that you would have to today and resources would then be used as criteria whether you would qualify.
Once you turn 65 you go onto Medicare and unless something really unusual happens (like needing extensive nursing home care) you don't fall under Medicaid.
Barb
I'm not sure about Medicaid but for Medi-cal in California if you are over 65 you can be eligible if you don't make over $830 per month (or $1,138 with a share of cost) and you don't have resources over $2,000. Some assets don't count for resources such as:
•Your primary home
•One vehicle
•Household goods and personal belongings
•Life-insurance policy with a face value of $1,500 per person
•Prepaid burial plan (unlimited if irrevocable or up to $1,500 if revocable) and burial plot
You can have Medicare and Medi-Cal (Medi-Medi) with Medicare being the primary payer.
I believe that Medicaid has similar resource limits depending on which state you reside in.