BadgerLaw.net Faces Collage
BadgerLaw.net is maintained by Legal Action of Wisconsin, Inc. Legal
Medicaid : Legal Action of Wisconsin
LAW Blue Circle with Scales logo

 
YOUR RIGHT
TO RECEIVE
MEDICAID
 
TYPES OF
MEDICAID
 
INCOME &
ASSET LIMITS
 
INCOME &
ASSETS
 
APPLYING FOR
MEDICAID
 
MEDICAID & W-2
 
MEDICAID
DEDUCTIBLE
 
MEDICAID
EXTENSIONS
 
GETTING
MEDICAL
SERVICES
 
MEDICAID
HMOs
 
MEDICAID
SERVICES
 
MEDICAID
PAYMENT
PROBLEMS
 
RULES FOR
SPECIAL
GROUPS
 
FAIR HEARINGS
 
TELEPHONE
NUMBERS
 
HMOs IN
MILWAUKEE
 
PUBLICATIONS
HOME PAGE

INCOME & ASSETS 
  
Can I have income and assets and still get Medicaid? 
Yes, if your income and assets are below the Medicaid limits you can get Medicaid. See Income and asset limit chart. 
  
What counts as income? 
Income is earned income, such as wages from employment, or unearned income, such as SSI, Social Security, unemployment compensation or child support. Some income is exempt. This means that income, such as W-2 and Kinship Care, will not count. 
  
If you have income from a job, the first $90 of your monthly income before taxes (gross income) also will not count. For AFDC-Medicaid, an additional disregard of $30 of your wages and 1/3 of the remainder for 4 months and then, $30 for the next 8 months will be disregarded as income. 
  
If you are in school and receive student loans and grants or if you are a high school student and have a job that income will also not count. 
  
If you are not certain whether you will qualify for Medicaid, you should apply anyway. 
  
How will my wages from work count? 
You need to report your gross earned income (before taxes) from your job to your caseworker. Report your hourly wage and the number of hours you work per week. Give your caseworker your check stubs for several months, if you can. If your hours change every week or if you work overtime in some months, you must let your worker know. You and your worker must then agree on a reasonable estimate of your monthly earned income, which can be an average of income from several months. 
 
  • If you believe your caseworker is counting too much income you should talk with the caseworker and get it corrected or request a fair hearing. See  FAIR HEARINGS .

What is an asset? 
An asset is something you own, such as land, buildings, bank accounts, stocks, bonds, most federal and state income tax refunds and certain life insurance policies. Some loans, if available for your daily living expenses, also will be considered an asset. 
  
What are exempt assets? 
Your personal belongings, the home you live in and some other assets, depending on the type of Medicaid you are receiving, will not be counted. 
  
Is my car an asset? 
Whether or not your car will count depends on its value, whether you use it for employment or to obtain medical care, and on the type of Medicaid for which you qualify. In the AFDC-Related Medicaid program, one car is exempt. 
  
Remember that assets don't count for children and pregnant women in the Healthy Start and OBRA Kids programs or for BadgerCare.

 
 
Legal Services Corporation This web site was made possible by generous support of the Legal Services Corporation.


Home | Contact Us | Feedback | FAQ | Terms of Use | Privacy Policy | Legal Disclaimer | Site Map | Printable Page
© 2002 - 2009 Legal Action of Wisconsin. All Rights Reserved.