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Started By
Message
re: Newsom is trying to enact a common sense Medicaid reform in ca. people still melting
Posted on 6/1/25 at 8:56 am to HailHailtoMichigan!
Posted on 6/1/25 at 8:56 am to HailHailtoMichigan!
Some retired people can keep their incomes low, while still having a large net worth.
A bunch in IRAs and 401Ks - until RMDs, (start at age 72 for many now) they produce no taxable income if you make no withdrawals.
If your taxable dollars are invested in stocks and funds that don't pay a lot of dividends, your income is low. If some of those stocks are a loss, you can sell some of those and some with gains for a net zero gain. That can free up a lot of cash for spending, w/o incurring a taxable income.
A bunch in IRAs and 401Ks - until RMDs, (start at age 72 for many now) they produce no taxable income if you make no withdrawals.
If your taxable dollars are invested in stocks and funds that don't pay a lot of dividends, your income is low. If some of those stocks are a loss, you can sell some of those and some with gains for a net zero gain. That can free up a lot of cash for spending, w/o incurring a taxable income.
0
Posted on 6/1/25 at 9:00 am to Diamondawg
quote:
Been a number of years now but we transferred all of my mom’s assets out of her name 5 years prior to her going into a nursing home. I think the look back period is 7 now but it can still be done.
There is a downside to this - it may vary by state, but in IL if you have assets, you can get into a higher quality nursing home paying the higher rate out-of-pocket. If you run out of funds, you qualify for Medicaid, but you are 'grandfathered' into the nicer home, they can't kick you out once established there.
Posted on 6/1/25 at 9:04 am to HailHailtoMichigan!
quote:
officials said when the limit was eliminated, far more people enrolled in Medi-Cal than anticipated,
So typical of liberals and government in general. Really? You offered free money and you were surprised to discover it was more popular than you expected? I sometimes wonder if liberals have ever actually met regular human beings
Posted on 6/1/25 at 10:07 am to Grumpy Nemesis
I say again, this is the problem.....
And they tried to fix it by stealing from the federal government and got caught.
They are hoodwinking you to think that asset value of individuals is the problem, its a knats arse compared to the billions going to illegals and they kept adding by age group compounding the problem.
quote:
In California, the number of undocumented immigrants enrolled in Medi-Cal (the state's Medicaid program) has increased significantly. Specifically, the number of undocumented adults enrolled in Medi-Cal is estimated to be around 1.6 million, which is about 5.3% of the total Medi-Cal enrollment. This includes those added through expanded eligibility for undocumented children in 2016, young adults (19-25) in 2019, seniors (50 and older) in 2022, and those aged 26-49 in January 2024.
And they tried to fix it by stealing from the federal government and got caught.
They are hoodwinking you to think that asset value of individuals is the problem, its a knats arse compared to the billions going to illegals and they kept adding by age group compounding the problem.
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