As an older adult, you could have a number of different issues to consider, from health challenges to assisted living and your estate plan. It is very important to look into potential resources and benefits that could help make your life easier, such as Medicaid. In fact, many older adults do not realize that they are eligible for Medicare as well as Medicaid.
Dual eligibility for Medicaid and Medicare comes with a number of potential advantages, such as increased healthcare coverage. It is helpful to go over statistics as well as requirements associated with dual eligibility.
Statistics on Medicaid, Medicare and dual eligibility
According to Medicaid.gov, Medicaid offers healthcare coverage to over 7 million low-income seniors who also receive Medicare benefits. In fact, those who receive both Medicaid as well as Medicare benefits account for 15% of Medicaid enrollees. As a result, if you currently receive Medicare benefits and you are wondering whether you are eligible for Medicaid, you should know that you are not alone when it comes to dual eligibility.
Medicaid, Medicare, dual eligibility and income limits
According to Medicaid.gov, the dual eligibility income limit for Qualified Medicare Beneficiaries living in the U.S. (except for residents of Alaska and Hawaii) is $1,094 for individuals and $1,472 for couples. It is important to carefully review these requirements and approach the application process carefully.
If eligible for Medicaid as a Medicare beneficiary, you could have access to services not covered by Medicare, such as additional nursing facility care, hearing aids, prescription medication and eyeglasses. Make sure you go over your options closely.
