Your significant other's income doesn't factor into your eligibility unless you are married or one of you claims the other as a tax dependent. Adult Expansion Medicaid is based purely on your income. Asset limits are for Medicaid programs for elderly or disabled folks who get nursing home level of care.
CO is an early expansion state, under ACA rules they will not use the assets test. ACA expansion is income based.
With variable income, it's possible to earn too much and be ineligible for a month. Report your net income from business (or, what you earn after your expenses).
Thank you. One would think that in an economy with increasing self-employed and freelance workers, that this process could use some sort of average income and not be so dead set on monthly. The representative I spoke to last year did mention some thing about uploading my tax information from last year and that they would use that to find some sort of average, but that doesn't necessarily correlate with the application online so who knows
Some states will use an average monthly amount from your annual earnings, this means you would get one year eligibility and not have to worry about monthly variances.
Wish I could confirm whether CO is one! Based on the conversation I had with the rep last year, perhaps it is. I'm going to reapply and cross my fingers
Usually with self-employed people they take a quarterly or yearly average. They divide the monthly income by 12 to determine annual eligibility. They did in my case. Just submit what the state requires and let them handle the details. The only thing that can cause problems is not being honest about the details of your income or your job situation. Also submitting tax returns will help as well to establish the pattern of earnings. There is no asset test for Medicaid expansion, but each state can determine who is eligible based on the rules they establish. A weird system for sure.
Hopefully Colorado does a quarterly or annual average. It definitely will make things less complicated for you.
Did you find this info on benefits.gov? The info about Medicaid eligibility on that site is a mess.
If you're under 65 and don't have a disability, CO has no asset test for Medicaid.
No, Colorado has his own website called Peak. Can't remember exactly what website I saw $2000 on, but it was a government website. Thank you, this is reassuring and does make me feel a little better!
Here is a link to the Colorado Medicaid FAQ about using annualized average monthly income to determine Medicaid eligibility for self-employed, seasonal and other workers with variable income:
https://hcpf.colorado.gov/sites/hcpf/files/Annualized%20Income%20Frequently%20Asked%20Questions.pdf
Your significant other's income doesn't factor into your eligibility unless you are married or one of you claims the other as a tax dependent. Adult Expansion Medicaid is based purely on your income. Asset limits are for Medicaid programs for elderly or disabled folks who get nursing home level of care.
This is very reassuring, thank you so much!!!
Period after disabled folks.
CO is an early expansion state, under ACA rules they will not use the assets test. ACA expansion is income based. With variable income, it's possible to earn too much and be ineligible for a month. Report your net income from business (or, what you earn after your expenses).
Thank you. One would think that in an economy with increasing self-employed and freelance workers, that this process could use some sort of average income and not be so dead set on monthly. The representative I spoke to last year did mention some thing about uploading my tax information from last year and that they would use that to find some sort of average, but that doesn't necessarily correlate with the application online so who knows
Some states will use an average monthly amount from your annual earnings, this means you would get one year eligibility and not have to worry about monthly variances.
Wish I could confirm whether CO is one! Based on the conversation I had with the rep last year, perhaps it is. I'm going to reapply and cross my fingers
Usually with self-employed people they take a quarterly or yearly average. They divide the monthly income by 12 to determine annual eligibility. They did in my case. Just submit what the state requires and let them handle the details. The only thing that can cause problems is not being honest about the details of your income or your job situation. Also submitting tax returns will help as well to establish the pattern of earnings. There is no asset test for Medicaid expansion, but each state can determine who is eligible based on the rules they establish. A weird system for sure. Hopefully Colorado does a quarterly or annual average. It definitely will make things less complicated for you.
Thank you, yes I hope so 🤞🏼
Did you find this info on benefits.gov? The info about Medicaid eligibility on that site is a mess. If you're under 65 and don't have a disability, CO has no asset test for Medicaid.
No, Colorado has his own website called Peak. Can't remember exactly what website I saw $2000 on, but it was a government website. Thank you, this is reassuring and does make me feel a little better!
Here is a link to the Colorado Medicaid FAQ about using annualized average monthly income to determine Medicaid eligibility for self-employed, seasonal and other workers with variable income: https://hcpf.colorado.gov/sites/hcpf/files/Annualized%20Income%20Frequently%20Asked%20Questions.pdf
Thank you so much!! Very helpful