On Dec 24, 9:22*am, "removeps-gro...[at]yahoo.com" <removeps-
gro...[at]yahoo.com> wrote:
- quote -

in one just the the feds pay for it with payroll taxes (also known as
FICA taxes,)and most workers get it at 65 (medicare)

Medicaid is payed for by both the states and the feds and is funded
mostly out of income taxes and It is a means-tested program
IE you have to be poor and also and people with disabilities. Being
poor, or even very poor, does not necessarily qualify an individual
for Medicaid. each sate has it own rules and if the state says no you
are out of luck not like Medicare..
it is estimated that approximately 60 percent of poor Americans are
not covered by Medicaid
Medicaid funding has become a major budgetary issue for many states
over the last few years, with states, on average, spending 16.8% of
state general funds on the program( NOTE ..state general funds from
state taxes)


so Congress established both Medicare and Medicaid in 1965 as part of
President Lyndon Johnson's social services programs. Medicare is a
federal program specifically designed for Americans over age 65 and
for some people under 65 who have disabilities.

In 1984, Medicaid paid for 30 percent of the total public expenditures
for health insurance for the aged and disabled and Medicare paid for
70 percent. Projections from the Congressional Budget Office (CBO)
indicate that, by 2012, Medicaid’s share will rise to 45 percent,
while Medicare’s share will fall to 55 percent.



wuffa / wheeler

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On Dec 20, 11:18 am, wuffa <magewu...[at]gmail.com> wrote:

- quote -

This sounds pretty restrictive. Yet the combined state and federal
amount spent on medicare is a "little" over 300B. So I guess the
above rules still allow a lot of people to qualify.

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On Dec 16, 5:38*pm, "Info" <infod...[at]nwfirst.com> wrote:
- quote -

In most of the states that i know of, you can not have *any income
( outside of SSI/SSDI/very low none wage{ wage income means no
medicaid})*
allmost any( over $250( again ssi/ssdi/ssa part of this a month)income
kills the medicaid grant. and you get no income producing property at
all.( rented out condon/house etc no annuity etc. also you have to be
not able to work to get Medicaid.you also can not have over $5,000
in all your accts so a IRA kills it also.( also no owning more then
one car no boats etc they will want you to sell them before even
looking at a grant)
if you are over 65 you can get SSI ( even if no work for SSA, and you
get Medicare ,Note Medicare is not the same as Medicaid they do not
have the same rules for income/what you can own/how much you can make
etc.
in summery in 99% of cases if the IRS can tax it ( income) you can not
get Medicaid.
in my $day job I help people get onto both Medicaid and medicare food
stamps etc ( this is for Oregon/maine/Mass/NY/Cali
william wheeler









i.e., "care,
- quote -

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On Dec 16, 8:38*pm, "Info" <infod...[at]nwfirst.com> wrote:
- quote -

No. Legal expenses are deductible when they are incurred in an
attempt to
recover taxable income.

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Would the cost of legal expenses incurred to find out how to qualify for
Medicaid be deductible? This advice would include suggestions on ways to
dispose of or safeguard income producing property, such as savings and a
Roth-conversion IRA and the purchase of an annuity - i.e., "care,
preservation, and management of income producing property." If an inter
vivos "special
needs trust" could be created, I might be able to pay health insurance
premiums and other medical expenses with its income or corpus. Were it not
for the fact that this is a "special needs trust", I know that I could
deduct the cost
of many of these medical expenses. The trust is treated like a grantor
trust for tax purposes. I presume I would be able to deduct otherwise
deductible expenses that were paid by the trust, but this trust is one with
which I am not familiar.
I must lower our assets because Medicaid has a
financial requirement that what it considers our estate to be is less than a
certain dollar amount.

Thoughts? Thanks

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