Do You Qualify for Medicaid?

More New Jersey residents now qualify for Medicaid coverage, as a result of recent changes in federal funding brought on by the Affordable Care Act. A recent article estimates that the number of additional New Jersey residents who now qualify is around 300,000.

The reason more New Jersey residents now qualify for Medicaid coverage is because the income requirements are not as strict as they were in the past. Determining whether you qualify for Medicaid coverage largely depends on the size of your family and your income. For example, a single adult might qualify for Medicaid if his monthly income is $1,273 or less. This income limit increases when a person has a larger household. For example, an individual with a household size of three might qualify for Medicaid coverage if his monthly income is $2,165 or less.

An estimated 71,000 New Jersey residents have already applied for Medicaid coverage and qualified under these new guidelines. However, this leaves an estimated 229,000 more individuals who could qualify, but have not yet applied. If you think you might qualify for Medicaid, you can apply online at healthcare.gov. You might also want to consult a qualified elder law attorney for assistance.