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You May Be Eligible For Medicaid Even If You Don't Realize It


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    I'll never forget a conversation I had with my parents a couple of years ago. They were talking to me about my cousin who had fallen on some hard times and lost his job and health insurance, among a host of other unfortunate hardships that compounded his problems. My parents were mostly concerned about his loss of health insurance because he is totally deaf, which means he receives SSDI, but he got his health insurance from his employer.

    It surprised me that neither my parents, cousin, or his parents thought of the most obvious solution: encouraging my cousin to apply for Medicaid. I told them that even if he didn't qualify for Medicaid that he may, at the very least, get a substantial subsidy to help him pay his monthly premium. In the end he did qualify for Medicaid and, after a stint on unemployment, found a job that provided health insurance again.

    That experience made me wonder how many people out there qualify for Medicaid or substantial subsidies, but have no idea they do. Unlike the Obamacare Open Enrollment period, you can apply for Medicaid any time of the year. So if you think you may qualify for Medicaid then you literally have nothing to lose in applying. Who knows? Maybe you'll be pleasantly surprised.

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    The Big Burry Wrote:

    So if you think you may qualify for Medicaid then you literally have nothing to lose in applying. Who knows? Maybe you'll be pleasantly surprised.

    Good point, wouldn't hurt.

    Got me thinking, how many Americans are on Medicaid anyways? Turns out its around 20% of the entire population, or ~72-74 million people, depending on the source you cite. That's way more than I would have guessed.

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    Yeah, I don't see anything wrong with it, especially if you've been a tax payer. It's there for when you need it. You pay for it anyway, so might as well get the help when you need it.