Author Topic: Medi-Cal qualifying  (Read 475 times)

billy

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Medi-Cal qualifying
« on: March 06, 2020, 05:39:56 PM »
I wonder when I fire later, like in march 2022, should I increase my 401(k) deductions for Jan. Feb. and Mar., so I will income qualify for Medi-Cal, or is it okay to go over the income limit for Medi-Cal, and apply the following month and still qualify because I won't have a W-2 job?

nippycrisp

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Re: Medi-Cal qualifying
« Reply #1 on: March 07, 2020, 10:09:34 AM »
I got you bro. Short answer is that it's OK to go over the limit. When you stop working (or when your workplace coverage ends), go to covered California and sign up, listing your current income as zero or whatever. The system will kick you into the Medi-Cal application process. Just follow the breadcrumbs from there.

It takes a while. Everything is done by mail. I finished with employer healthcare in August and didn't get on until November, although they say you're covered when you apply. Not sure if jumping the gun is allowed, but I kinda doubt it.

I'd still max those 401Ks, though. Last bite at that particular apple, and all that.


billy

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Re: Medi-Cal qualifying
« Reply #2 on: March 07, 2020, 04:26:08 PM »
Thanks man that really helped with that info.

jim555

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Re: Medi-Cal qualifying
« Reply #3 on: March 08, 2020, 06:58:21 AM »
Medicaid goes by current monthly income.  You could earn $100,000 in January and nothing in following months and get covered from February on.  It doesn't go by annual income.