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As initially passed, the ACA was designed to provide universal health care in the U.S.: those with employer-sponsored health insurance would keep their plans, those with middle-income and lacking employer-sponsored health insurance could purchase subsidized insurance via newly established health insurance marketplaces, and those with low-income would be covered by the expansion of Medicaid.
According to the Genworth 2021 Cost of Care Survey, assisted living in the United States costs an average of $4,500 a month, which is a lot for many seniors trying to get by on a fixed income.
In the United States, Medicaid is a government program that provides health insurance for adults and children with limited income and resources. The program is partially funded and primarily managed by state governments, which also have wide latitude in determining eligibility and benefits, but the federal government sets baseline standards for state Medicaid programs and provides a ...
Medicaid Provides medical benefits to low-income individuals and families; Expanded under Gov. John Bel Edwards in 2016 [8] through the Patient Protection and Affordable Care Act; Medicaid expansion has provided nearly 480,000 previously uninsured residents with coverage, dropping the state's uninsured rate to 8.4% in 2017 [9]
It is difficult to say what the highest income for Medicaid is in 2022 because there are so many variables. The most common limits are $2,523 for a single person or $5,046 for a married couple.
Seniors who fall into the middle-income bracket could face a huge problem 10 years from now, with many lacking the money to afford assisted living while also having too much money to qualify for...
2.6 million were in the "coverage gap" due to the 19 states that chose not to expand the Medicaid program under the ACA/Obamacare, meaning their income was above the Medicaid eligibility limit but below the threshold for subsidies on the ACA exchanges (~44% to 100% of the federal poverty level or FPL); 5.4 million were undocumented immigrants;
Governors in Arkansas, Iowa and Ohio have announced they'd pursue approval from the federal Centers for Medicare and Medicaid Services to introduce work requirements again. And last fall, South Dakota voters signed off on a plan to add a work rule. When Arkansas enacted a work requirement during the Trump years, about 18,000 people lost coverage.
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