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Why is TEFRA important?

The Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) is a law passed in 1982 that was designed to reduce the federal budget deficit through a combination of tax increases, spending cuts, and tax reform measures.

What is Arkansas TEFRA?

The Tax Equity and Fiscal Responsibility Act (TEFRA) is a Medicaid program that can help families with children younger than 19 years old who have a disability and receive care in their homes rather than an institution. The TEFRA program can help pay for the cost of those services for eligible children.

What is the income limit to qualify for Medicaid in Arkansas?

Income Asset Limits for Eligibility 2024 Arkansas Medicaid Long-Term Care Eligibility for SeniorsType of MedicaidSingleIncome LimitAsset LimitInstitutional / Nursing Home Medicaid$2,829 / month*$2,000Medicaid Waivers / Home and Community Based Services$2,829 / month$2,0001 more row Nov 20, 2023

What does TEFRA stand for in insurance?

The Tax Equity and Fiscal Responsibility Act (TEFRA) of 1982 is a federal law that. allows states to make Medical Assistance (MA) available to certain children with disabilities without. counting their parents income.

How is TEFRA different from Medicaid?

Because TEFRA does not count family income in determining a childs Medicaid eligibility, it allows parents of children with disabilities to continue working while still accessing Medicaid coverage for their child. 4. TEFRA provides wrap-around coverage to supplement private health insurance.