Could someone explain: I thought you had to be penniless and have NO wealth other than the maximum $2,000 to qualify for Medicaid.
Expanded Medicaid has no asset restrictions, just income which is below 138% FPL. A bunch of states decided not participate in expanded medicaid, so their rules are still in effect.
Nope!In NJ you can even get a cheap auto insurance policy if you are on Medicaid. It only covers bodily injury. That means if you are the policy holder and have an accident the insurance will not pay toward damages of the auto you hit.That means the other guy is going to be left with out of pocket expenses for his damages with no way to recover.
This happened to my wife. Both the husband and wife that ran into my wife’s car were on Medicaid even though they were only in their thirties.(Still can’t figure how they qualified for Medicaid) We got stuck with a $500.00 bill .She was even driving on a suspended license and left the scene of the accident before the police showed up!
I’ll bet 95% of people who live in NJ don’t even know about this “special kind of insurance policy.