Medicaid FAQs

Answers to Your Most Common Medicaid Questions

Clearing Up the Misconceptions

Medicaid is a state-maintained medical assistance program that helps people who can’t afford some or all of their healthcare expenses. However, there are several misconceptions about Medicaid surrounding things like eligibility, impact, and effectiveness of the Medicaid program. There is also a common confusion between Medicaid and Medicare. We’ll address some of these confusions and misconceptions below to help you understand and clear your path towards proper healthcare coverage.

Am I too wealthy for Medicaid?

One of the biggest misconceptions with Medicaid is that it is only for impoverished people. While there are certain income eligibility limits, this is mostly untrue. Medicaid is for anyone who needs help paying for medical expenses.
For seniors in assisted living or nursing home environments, healthcare costs can run as high as $10,000 a month or more. This is a jaw-dropping amount for most people and can decimate savings if patients don’t look for help.

Do we forfeit some or all of our assets if we enroll in Medicaid?

If my asset value exceeds the Medicaid restrictions, can I transfer or gift it to someone else to become Medicaid eligible?

Does Medicaid look at both my and my spouse’s income for eligibility?

What happens if I exceed the Medicaid income cap?

Can I dedicate funds to pay for final arrangement expenses if I’m receiving Medicaid benefits?

If I’m going to a nursing home, will they apply for my Medicaid and arrange insurance funding for me?

Don’t Wait. Prepare Now.

The older we get, the higher the likelihood becomes that we’ll encounter serious health concerns. That’s a fact of life. Sometimes, these health complications can come out of nowhere, often accompanied by astronomical price tags. Don’t wait for something to go wrong and get stuck with medical bills you can’t afford. Set up your Medicaid coverage today.

Medicaid FAQs

Clearing Up the Misconceptions

Don’t Wait. Prepare Now.

We’re Here to Help

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