Medicaid Information Could Help You Save Money

For many Americans, health care coverage is probably one of the most worrisome topics today. With the news media being focused on Medicaid information, new legislation for drastic reforms and regulations comes at a time when more and more people do not have health insurance. It is often the lower income families and individuals who suffer the most. Currently we have programs in place that can assist some individuals. We have Medicare that is for those over the age of sixty five, or disabled with certain disabilities. This is a premium based program with part of the premium being picked up by the government. The amount an individual has to pay is based on their number of workable quarters. Medicaid assistance is for lower income families and individuals. This program is administered by individual states relying on government financing.

There are eligibility requirements based on income, number of people to be covered, citizenship and if they are disabled. Each state has its own regulations and may at times require a co-pay from the person being covered. This type of Medicaid is known as community Medicaid. Long term Medicaid often refers to the elderly using Medicaid for nursing homes and institutions. Just about every state has a Medicaid application process. You can check on the Internet for online applications and assistance with Medicaid information for your state or contact www.HPSNY.com

Once the application is received, it will often take several months to determine eligibility and to begin coverage. With the health care reform still being debated, the impact on Medicaid and Medicare is still being assessed. It is estimated that over thirty million people will soon be able to access better health care options. The impact is yet to be determined on our current governmentally implemented health care. We could see a reduction of lower income families using Medicaid if the plan is put into place. It will certainly be an interesting year as we watch the impact of health care reform.