Sunday, December 14, 2008

A growing light...

...and it's not an oncoming train!

We found out about a program yesterday that might just be the answer we've been looking for to help manage our medical financial budget. It's the Medicaid Buy-In program and, fingers crossed, we can use it effectively to keep our budget in the black in 2009!

The Medicaid Buy-In program allows people of any age who have a disability and are working to receive Medicaid by paying a monthly premium. The monthly premium is based on earned and unearned income. One of the most important aspects for us is that each client is considered a "household of one" which means that a spouse is not penalized for assets owned by the other spouse. This also applies to income as well, so I can earn all the money I want and Keith will not lose his benefits! This is incredible news and we will be getting more details next week. This will call for a whole new level of paperwork, but it's worth it for financial sustainablity.

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