Trboatworks
Diamond
- Joined
- Oct 23, 2010
- Location
- Maryland- USA
All-
This last two years was a perfect storm for my finances which has bumped me into Medicaid eligibility.
Last year I was going full steam and did a shop expansion plus a higher than normal level of equipment purchases so took a loss for year.
This year a health crisis has wiped out earnings so my taxable income will be very low.
In the two year window I expect I will get sorted and return to normal income levels which would place me at some level of discount in the open market enrollment with ACA.
So right now:
- I am carrying a too expensive group plan for the business with Kaiser I was forced to take as I got plan outside of enrollment. (ai have no employees so I am only member in group)
- I am ineligible for private plans with assistance with ACA due to Medicaid access so price to get coverage is roughly equivalent to plan I have now.
- With Kaiser which I have to say has been excellent in meeting my high health care needs without additional hits from high copays etc.
So:
- Stay with Kaiser (which I can't afford at my current cash flow).
- I can jump to Medicaid till my business income recovers and then stage to some private plan with ACA.
- Pay full ticket with a private plan with ACA.
What say you all?
Does anyone have any experience with Medicaid- Is this something I should avoid at all cost?
Just take the dole and hope for the best?
Maybe I should answer a basic question first- what the heck is Medicaid?
Thoughts?
This last two years was a perfect storm for my finances which has bumped me into Medicaid eligibility.
Last year I was going full steam and did a shop expansion plus a higher than normal level of equipment purchases so took a loss for year.
This year a health crisis has wiped out earnings so my taxable income will be very low.
In the two year window I expect I will get sorted and return to normal income levels which would place me at some level of discount in the open market enrollment with ACA.
So right now:
- I am carrying a too expensive group plan for the business with Kaiser I was forced to take as I got plan outside of enrollment. (ai have no employees so I am only member in group)
- I am ineligible for private plans with assistance with ACA due to Medicaid access so price to get coverage is roughly equivalent to plan I have now.
- With Kaiser which I have to say has been excellent in meeting my high health care needs without additional hits from high copays etc.
So:
- Stay with Kaiser (which I can't afford at my current cash flow).
- I can jump to Medicaid till my business income recovers and then stage to some private plan with ACA.
- Pay full ticket with a private plan with ACA.
What say you all?
Does anyone have any experience with Medicaid- Is this something I should avoid at all cost?
Just take the dole and hope for the best?
Maybe I should answer a basic question first- what the heck is Medicaid?
Thoughts?