answersLogoWhite

0


Best Answer

This is a very tricky question to answer. The amount of assets you own do not impact your ability to qualify for coverage, but your asset level may impact the amount you are asked to pay in premiums. It all depends upon whether your state expanded Medicaid, and if your income level falls below the Medicaid means testing for your state.

States that did not expand Medicaid continue to include the requirement that assets be below $2,000. Those that did expand Medicaid look only at income.

If your income is between 100% and 400% of the Federal Poverty Level you will not qualify for Medicaid, but may qualify for subsidies. Your asset level is not considered.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can you have assets and still qualify for Obamacare?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What type of assets qualify for a marital deduction in estate planning?

REAL aSSETS


Do I qualify for disability insurance if I am blind?

If a person is blind they could potentially qualify for disability insurance. There will still be other factors that are considered like, income, assets, and other financial restrictions that may be put into place.


How old do you have to be to qualify for Obamacare?

There are no age limits in health insurance reform - it is intended to make health care available to everyone.


Can you get Medicaid after having tubal ligation?

if you still qualify financially yes whether you have your tubes tied or not does not make a difference.


Do i qualify for ObamaCare if i don't have a job no medical insurance receiving 250.00 weekly unemployment or can i receive medicaid?

ObamaCare isn't a plan you receive. You don't buy or "get" Obamacare. Rather, it is a significant change to the existing healthcare system in the USA. In your case, you can qualify for Medicaid if you make less than the Federal Poverty Level in income, which for a single individual is about $12,000 (roughly $1000/month or $230/week). So, if your sole income is the $250/week unemployment check, you qualify for Medicaid. Note that in about half the states, the qualification level is 133% of the FPL. And, of course, the FPL changes based on the number of people in your household (i.e. you, any spouse, and all dependents).


Which Republicans voted for Obamacare?

did any republicans vote for obamacare


Can a person with no kids GET ON welfare?

what kind of welfare. You can get food stamps IF you qualify but that's about it. If you are not on disability or have kids, you can't get govt housing or a check of any kind so food stamps is about it and then you have to qualify based on income and assets


Can I work in most states and still qualify for a subsidized apartment?

Yes you can. Most subsidized housing has an income requirement that you may still qualify even while employed.


How many have sign up for ObamaCare?

4.2 million people are currently enrolled in Obamacare


would a person qualify for a housing grant if they have a felony on their record?

If you have a felony on your criminal history can you still qualify for a government grant


Can you still qualify for financial aide if wages are being garnished?

No


How many people have signed up for ObamaCare?

4.2 million people are currently enrolled in Obamacare