Kentucky medicaid disclosure of ownership form 2025

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Before you start, have this info ready: Employer and income information: household monthly income, pay stubs and W-2 forms. Social Security numbers or document numbers for each household member applying. Date of birth for each household member applying for coverage.
Income Information In the Medicaid Works Program, the income of the working disabled individual is counted. Participants may have up to $773 in unearned income to qualify. Unearned income includes Social Security benefits, workers or veterans compensation or interest. This limit changes each year.
Review important numbers to know for your Medicaid eligibility in 2023 below: Individual Asset Limit$2,000.00 Asset Limit for a Couple if Both Spouses Need Medicaid $4,000.008 more rows Aug 9, 2023
Medicaid Asset Protection Trusts: These irrevocable trusts allow you to move assets out of your name, ensuring that they are not counted toward Medicaid eligibility. Gifting Strategies: Carefully planned gifting within Medicaids five-year look-back period can help protect assets without triggering penalties.
These are the main income rules for income-based Medicaid: If your familys income is at or under 138% of the Federal Poverty Guidelines (FPG) ($21,597 per year for an individual; $44,367 for a family of four), you may qualify.
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Exemptions include personal belongings, household furnishings, an automobile, and generally ones primary home. In Kentucky, IRAs / 401Ks are exempt. All assets of a married couple are considered jointly owned (regardless of the long-term care Medicaid program for which one or both spouses is applying).
It helps ensure providers have not been unfairly barred from providing services under any federal health care program. It also helps ensure that Medicaid providers do not have relationships with individuals or entities that have been excluded or terminated from participating in any federal health care program.

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