What is Medicaid?
Medicaid is a needs-based financial and medical assistance program. Your income and financial resources must be below a certain level to qualify. Items and services that Medicaid will pay for are listed in the section below titled “What is covered by Medicaid”.
Who is Eligible?
Eligibility will depend on your financial need. You also must be either: blind, have a disability (as determined by Social Security) or be age 65 and older.
Additional Basic Eligibility Considerations:
• You must be a citizen or qualified non-citizen.
• You must live within the State of Oregon with intent to remain in the state. There are no requirements as to the length of time you need to live in Oregon prior to applying for Medicaid.
• You may own a home; a vehicle; and life insurance or burial policy/plan (some limits apply).
• Generally, your monthly income must not exceed $2,022 (for 2010). An Income Cap Trust may be established for excess income.
• Your savings and assets are limited to $2,000 for a single person, $3,000 for a couple.
• You must not have sold, traded, or given away real property (i.e. acreage, home, buildings, real estate) or personal property (including cars, stocks, bonds, jewelry, furniture, and money) for lessthan fair market value within 60 months prior to your application. An exception may be granted under Medicaid Spousal Impoverishment Policy.
These are only guidelines. Even if you don’t quite meet all of these guidelines, please call us. We may still be able to help you.