What is the difference between Medi-Cal and Medicaid?

What is the difference between Medi-Cal and Medicaid?

Actually, the good news is – there is no difference between the two. Medi-Cal health insurance is merely California’s Medicaid program, which is paid for with federal and state tax revenues.

What is the income level to qualify for Medicaid in California?

Your household income must not exceed more than 138 percent of the federal poverty level (FPL) based on your household size. For example, if you live alone, your income cannot be more than $16,395 a year. If you live with a spouse or another adult, your combined income cannot be more than $22,108 a year.

Is Medi-Cal the same as Covered California?

Medi-Cal offers low-cost or free health coverage to eligible Californian residents with limited income. Covered California is the state’s health insurance marketplace where Californians can shop for health plans and access financial assistance if they qualify for it.

Does Medicaid have a deductible?

A Medicaid deductible is the amount of medical expenses that you must incur before Medicaid will start paying any of your medical bills. For example, if you have a deductible of $1500, your medical expenses must add up to $1500 before Medicaid will start paying your medical bills.

How do I hide my assets from Medicaid?

5 Ways To Protect Your Money from Medicaid

1. Asset protection trust. Asset protection trusts are set up to protect your wealth.
2. Income trusts. When you apply for Medicaid, there is a strict limit on your income.
3. Promissory notes and private annuities.
4. Caregiver Agreement.
5. Spousal transfers.

What is considered low income in California?

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