answersLogoWhite

0

Medicaid is intended to help persons who have little or no resources of their own. If the net proceeds of your settlement plus your other income and assets exceed your State's Medicaid standard, you're going to lose coverage at least temporarily, until you can show that you've reduced your assets to less than the standard through payment of medical care and/or other legitimate living expenses such as rent, etc.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

How can I ensure continuity of my health insurance coverage during a job transition?

To ensure continuity of health insurance coverage during a job transition, you can consider options such as COBRA coverage, enrolling in a spouse's or parent's plan, purchasing individual health insurance, or exploring government programs like Medicaid or the Affordable Care Act marketplace. It's important to act promptly to avoid gaps in coverage.


What is a term that helps avoid a trial?

Settlement, mediation, arbitration, dismissal, a stay.


Is a settlement considered an admission of guilt?

No, a settlement is not necessarily an admission of guilt. It is a resolution reached between parties to avoid a trial and its associated costs and uncertainties.


How do you avoid losing skin of the botom of foot?

Dermatological bases are classified according to


When choosing a phone service, would finding out the coverage area of service be important to ask?

When choosing a phoen service it's always important to find out about the coverage area. If you dont' have good coverage in your area avoid that provider.


In a UK general election what percentage of the vote do you need to avoid losing your deposit?

5%


Has the doctor's office ever lied to you about your insurance coverage?

It is important to be aware of the possibility that a doctor's office may provide inaccurate information about insurance coverage. It is recommended to verify coverage directly with your insurance provider to avoid any misunderstandings or misinformation.


Why is it important to use your FSA funds before the end of the year to avoid losing them?

It is important to use your FSA funds before the end of the year to avoid losing them because these funds are typically "use it or lose it," meaning any remaining balance at the end of the year is forfeited. This can result in losing money that you set aside for healthcare expenses.


Does losing weight before surgery decrease risk?

Probably; since being overweight creates its own complications. But you should avoid losing weight drastically. Do it gradually.


How do you avoid losing work on a computer?

Save it often and back it up on an external hard-drive.


How do news journalist avoid bias?

By reporting facts and ensuring where there is argument all sides get equal coverage.


How can I stop my cobra coverage?

To stop your cobra coverage, you typically need to notify your employer or the plan administrator in writing within a specific timeframe. Make sure to follow the guidelines provided in your cobra enrollment materials to avoid any gaps in coverage.