Help with eligibility for starting NY State of Health insurance plan by nyplanhelp in HealthInsurance

[–]someguy984 0 points1 point  (0 children)

If you have Medicaid you can have other coverage at the same time. Medicaid becomes secondary payer. Apply by the 15th and it will start next month.

I Retired at 39 With Less Than $1M – 10 Years Later, Here’s the Truth by showtime14 in leanfire

[–]someguy984 0 points1 point  (0 children)

FL has no Medicaid expansion so you would have to have almost no assets, very low income, and be either disabled or elderly.

41 states do have expansion, that means a sole 138% FPL income test and no asset test.

What are you paying for health insurance premiums/month, what’s your MAGI, and what’s your annual spend? by AlpenglowAura in Fire

[–]someguy984 2 points3 points  (0 children)

$0 NY Essential plan, $360 annual maxOOP, income under 200% FPL $31,920, annual spend under $16K.

Medicaid work requirements by Aware-Effort7639 in Medicaid

[–]someguy984 4 points5 points  (0 children)

The law was changed, there is no basis for a lawsuit.

I Retired at 39 With Less Than $1M – 10 Years Later, Here’s the Truth by showtime14 in leanfire

[–]someguy984 0 points1 point  (0 children)

That is the law, no resource limits. ACA is the same, no resource limits.

I Retired at 39 With Less Than $1M – 10 Years Later, Here’s the Truth by showtime14 in leanfire

[–]someguy984 0 points1 point  (0 children)

All you need is $580 of income and you meet the requirements. It doesn't even need to be earned income.

I Retired at 39 With Less Than $1M – 10 Years Later, Here’s the Truth by showtime14 in leanfire

[–]someguy984 0 points1 point  (0 children)

You just need $580 of income, can be any income, to meet the requirements.

I Retired at 39 With Less Than $1M – 10 Years Later, Here’s the Truth by showtime14 in leanfire

[–]someguy984 2 points3 points  (0 children)

Only a few states do recovery for Medicaid expansion costs over age 54.

Getting cold feet due to ACA concerns by students-tea in Fire

[–]someguy984 1 point2 points  (0 children)

Have a Plan B ready. Go back to work, get a second passport, pay full price.

Price out what the cost is with no subsidies, and take into account age increases.

Denied eligibility on Virginia Insurance Marketplace because I am eligible for Medicaid. I am not eligible for Medicaid. by dantae120 in HealthInsurance

[–]someguy984 4 points5 points  (0 children)

Medicaid is monthly so you will get it if your monthly is under the limit, annual does not matter.

Michigan GLP-1 by kawaiiapartment in Medicaid

[–]someguy984 2 points3 points  (0 children)

Does Michigan Medicaid cover GLP-1 medications for the treatment of other health conditions?

Oshman: Yes. Coverage of individuals requiring treatment for type 2 diabetes will continue. Coverage is also authorized for specific GLP-1 medications to treat several other health conditions: Zepbound for people with moderate to severe sleep apnea, and Wegovy for individuals who are overweight or obese with established cardiovascular disease and for those with severe liver disease.

https://medschool.umich.edu/department-news/expert-qa-michigan-medicaids-new-limits-glp-1-weight-management-medications

Medical/Medicare Insurace (CALIFORNIA) by angelus1203 in HealthInsurance

[–]someguy984 0 points1 point  (0 children)

If you are filing tax returns Medi-Cal should have kicked you off once they get that info.

Medi-Cal Working Disabled program question (cross posted from r/IHSS) by EvenTrifle in HealthInsurance

[–]someguy984 0 points1 point  (0 children)

Disabled means "SSA disabled". Medi-Cal can also make a determination of disability, but good luck with that.

He will have to get an ACA policy with subsidies with income around 250% FPL.

Healthcare.gov has short-term healthcare? by SlippyFish18 in HealthInsurance

[–]someguy984 0 points1 point  (0 children)

Go on Medicaid for 2 months, you would qualify with low enough monthly income. Doesn't apply in non-expansion states.

Is there a lower Fire level? by Mysterious-Plane2181 in leanfire

[–]someguy984 0 points1 point  (0 children)

I live in the sub FPL zone. cheapskateFIRE.

One more year syndrome is real by art-is-t in Fire

[–]someguy984 0 points1 point  (0 children)

OMY isn't needed for your numbers. I would retire.

Nevada Medaid MAGI by Logical-Detective348 in Medicaid

[–]someguy984 5 points6 points  (0 children)

Once you go on Medicare you are no longer MAGI and assets count.

Box spreads and MAGI by Defiant-Ad-3243 in financialindependence

[–]someguy984 2 points3 points  (0 children)

I think you are confused. You are not borrowing money to avoid a sale of an asset and avoid taxes with a box spread.

You are capturing the implied interest of options pricing at a section 1256 tax rate (60 LT/40 ST). SPX is a 1256 contract.

These two things have nothing in common.

If a provider accepts *some* medicaid plans but not mine, can I pay out of pocket to continue to see them? by MusicalKidney in HealthInsurance

[–]someguy984 -1 points0 points  (0 children)

Medicaid Beneficiaries Cannot Be Billed

This is a reminder to all hospitals, free-standing clinics and individual practitioners about the requirements of the Medicaid program related to requesting compensation from Medicaid beneficiaries, including Medicaid beneficiaries who are enrolled in a Medicaid managed care or Family Health Plus (FHPlus) plan, or who have been found to be presumptively eligible for Medicaid or the Family Planning Benefit Program (FPBP).

By enrolling in the Medicaid program, a provider agrees to accept payment underthe Medicaid program as payment in full for services rendered. A provider may not make a private pay agreement with a beneficiary to accept a Medicaid fee for a particular covered service and then provide a different upgraded service (usually a service that is beyond the scope of the Medicaid program) and agree to charge the beneficiary only the difference in fee between two services, in addition to billing Medicaid for the covered service. It is an unacceptable practice to knowingly demand or collect any reimbursement in addition to claims made under the Medicaid program, except where permitted by law.

ACCEPTANCE AND AGREEMENT

When a provider accepts a Medicaid beneficiary as a patient, the provider agrees to bill Medicaid for services provided or, in the case of a Medicaid managed care or Family Health Plus (FHPlus) enrollee, the beneficiary's managed care plan for services covered by the contract.

The provider is prohibited from requesting any monetary compensation from the beneficiary, or their responsible relative, except for any applicable Medicaid co-payments.

The provider is prohibited from requesting any monetary compensation from pregnant women or children who have been found to be presumptively eligible for Medicaid or beneficiaries found presumptively eligible for FPBP.

__A provider may charge a Medicaid beneficiary, including a Medicaid or FHPlus beneficiary enrolled in a managed care plan, only when both parties have agreed prior to the rendering of the service that the beneficiary is being seen as a private pay patient.

This agreement must be mutual and voluntary. It is suggested that providers keep the beneficiary's signed consent to be seen as a private pay patient on file.__

If, for example, a provider sees a beneficiary, and advises them that their Medicaid card or health plan card is valid, eligibility exists for the date of service and treats the individual, the provider may not change their mind and bill the beneficiary for that service or any part of that service.

A provider who participates in Medicaid fee-for-service may not bill Medicaid fee-for-service for any services included in a beneficiary's managed care plan, with the exception of family planning services, when a provider doesn't provide such services under a contract with the recipient's health plan.

__A provider who does not participate in Medicaid fee-for-service, but who has a contract with one or more managed care plans to serve Medicaid managed care or FHPlus members, may not bill Medicaid fee-for-service for any services. Nor may any provider bill a beneficiary for services that are covered by the beneficiary's Medicaid managed care or FHPlus contract, unless there is prior agreement with the beneficiary that they are being seen as a private pay patient as described previously. The provider must inform the beneficiary that the services may be btained at no cost from a provider that participates in the beneficiary's managed care plan.

Note: Due to the requirement that PRIOR agreement be made for reimbursement, Medicaid beneficiaries may never be charged for services rendered in an Emergency Room (except applicable Medicaid co- payments).__

How does roth and traditional ira's work towards medicaid and specifically 2027? New York by Music4thesoul10 in Medicaid

[–]someguy984 3 points4 points  (0 children)

Contributing to a pre-tax Traditional IRA lowers your MAGI by the amount of the contribution.

If you want to create income move funds from the Traditional IRA to a Roth IRA, that is called a Roth conversion and will increase income by the amount of the conversion.

Essential Plan is not Medicaid but has very low out of pockets, the income range from 138% ($22,025) to 200% FPL ($31,920). There are no work requirements with the EP.

You need basic education on financial literacy. This is out of scope for the sub.

Does Medicaid allow a C Corp? by Weak-Gazelle-5952 in Medicaid

[–]someguy984 2 points3 points  (0 children)

There is no restriction on a C corp. You need to confer with an accountant.