1. Increasing Medicaid's stagnant Asset Test For People Eligible For Medicare And Medicaid Will Help Vulnerable Seniors.
- Author
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Cornelio, Noelle, Powell McInerney, Melissa, Mellor, Jennifer M., Roberts, Eric T., and Sabik, Lindsay M.
- Subjects
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HEALTH policy , *ASSETS (Accounting) , *PERSONAL property , *RECESSIONS , *MEDICAL care costs , *COST control , *HEALTH status indicators , *INCOME , *AT-risk people , *ELIGIBILITY (Social aspects) , *INDEPENDENT living , *RESEARCH funding , *DESCRIPTIVE statistics , *MEDICAID , *POVERTY , *MEDICARE - Abstract
Low-income Medicare beneficiaries rely on Medicaid for supplemental coverage but must meet income and asset tests to qualify. We examined states' income and asset tests for full-benefit Medicaid during the period 2006-18 and examined how alternative asset tests would affect eligibility for community-dwelling Medicare beneficiaries ages sixty-five and older. Most states have not updated the dollar limit of Medicaid's asset test since 1989, making the asset test increasingly restrictive in inflation-adjusted terms. We estimated that increasing Medicaid's asset limit by the Consumer Price Index, to Medicare Savings Program levels, or to $10,000 for individuals and $20,000 for couples would increase Medicaid eligibility by 1.7 percent, 4.4 percent, and 7.5 percent, respectively. Simplifying Medicaid's asset test to focus only on certain high-value assets would increase eligibility by 20.5 percent. Increasing asset limits would lessen restrictions on Medicaid eligibility that arise from stagnant asset tests, broadening eligibility for certain low- income Medicare beneficiaries and allowing them to retain higher, yet still modest, savings. [ABSTRACT FROM AUTHOR]
- Published
- 2021
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