I was informed last week that zer0care has relaxed the asset requirement for Medicaid. Only earned income is taken into account.
However, I spoke with someone a few days ago who didn’t qualify for subsidized Medicaid, but was allowed to buy into the State plan a few years ago for only $150/month. That has risen to $365/month and will carry him through to age 65 in 3 years.
This person is low income, high assets. His premium is only $20 less a month than my husband’s Bridge Policy with WPS. Not sure of the benefits, copay, deductible. My husband has no copay for appointments or ER, medication capped at around the same cost as Walmart or Walgreen’s club plans and a $5500 deductible.
If they use only earned income to determine need for various programs and don’t take assets into consideration we will have wealthy people qualify for programs designed to help the poor. Majority of the cost will still be carried by the middle class. Amazing.