How do Medicaid payments work?
Medicaid makes payments directly to health care providers, not to you or your loved one. Depending on the state your loved one lives in, he or she may have to make a small co-payment for some medical services.What are the financial requirements for eligibility?For your loved one to qualify for Medicaid, he or she must not exceed certain limits on income and assets. The exact limits vary by state, but as a rough guide, the maximum monthly income is about $300 to $500, and total assets are limited to about $2,000 (not including your loved one’s home, car, or personal possessions). Check with your state’s Medicaid program office for details and to learn how gift-giving and other factors can affect eligibility.
