Hi I'm Stan. I recently retired, and I'm 63 years old. The cash from the sale of my house is in an account, and will barely (but perhaps not) cover the cost of building a new home. I live in a primitive cabin without electricity or running water. I have only SSI to live on, with no savings other than the account which will be spent down to build my new house. My SSI is less than 12,000 yearly. I don't have health insurance, and recently had an accident (I'm fine now) which resulted in a $6,000 medical bill. Can I qualify for Medicaid medical assistance? I have no other savings or assets over $2000.00, but am afraid that my account will cancel my eligibility for medical assistance.
Public assistance is intended for those that truly can not make ends meet, not to subsidize your lifestyle choices. You are supposed to be a grown man taking care of yourself, not using funds that truly needy people could use. You are not in need, you are trying to hustle the system to pay for your choices, NOPE!
Yeah, yeah I am a mean biotch, I still think that you don't deserve taxpayers help. Live with the consequences of your choices.
Hopefully it was health reasons you retired so early. You need to go to ur Social Service Office. With ur income u may qualify for Medicaid. You also may qualify for SSI, which stands for Supplimental Security income. If u qualify for SSI I think Medicaid health insurance is automatic. You get vision, dental and prescriptions too.
Good Luck
Talk with Medicaid to file an application. It is not normally retroactive unless there is a somewhat major medical event.
If you are disabled then you may qualify for Medicare.
Medicare and Medicaid are two very different programs.
That said, why, at age 63, would you want to saddle yourself with the responsibility of a new home? Upkeep and taxes cost $. Have you considered buying into a senior community? I am 61 and my next move is to downsize. Those senior communities take care of the landscape as well as plough the snow, etc.
Insurance coverage is the only reason I still work full time. I want to avoid not having to pay exorbitant premiums and deductibles during that 3 year period before being covered by Medicare & a supplement.
If I were you I would obtain health insurance with the $ you have from the sale of your home.
Right now you are living in a “primitive” cabin with no electricity or water. I am wondering why you chose this as a way to live. How do you cook? How do you keep your groceries from spoiling?
I am thinking you are worried about insurance coverage. When you retired were you given the option for Cobra coverage? (I am not sure if this is even a possibility). That will cover you for 18 months but you will have to pay the entire premium ( what your employer paid + your premiums). That can be costly - when I had my hip done it was $800 out of pocket every two weeks.
Why retire at 63 without insurance instead of at 65 What is your full SS date? You can still collect SS at 62 but will receive 70% of your full SS benefit. You will not be eligible for Medicare.
Medicaid for insurance is not an option for you with the money from the sale of your home as an asset sitting in a bank. You are in that vulnerable period where obtaining health insurance is possible but will be expensive through the state exchange.
Good luck to you!
This is a state ran federal program, meaning your state has it's own set of rules and regulations that you have to meet to be eligible.
Your best bet would be to go in and talk with someone.
I would also think that you are stuck with the bill you already created.
Just curious, if you can not afford to live with all your needs met, why would you retire?