Would Getting Married Affect My Medicare?
What is Medicare?
Medicare is a federal health insurance program that provides health insurance for those over 65. Those who are younger and are disabled are also eligible for this program. This kind of coverage pays for most health care needs but does not pay for everything. It is important to note that Medicare does not cover care that is given in one's home, nursing homes or assisted living homes. And for some, there are limitations to prescription drug plans.
What Can Affect Medicare?
There are two things that can alter or lower the premiums that a person has with this program. One is a change in income and the other concerns coverage for younger folks. Should a person with a disability who receives this coverage who later is able to work again, could lose their Medicare eligibility forever.
With Medicaid, the Rules Are Different
However, if you are on Medicaid, that is a different story. Income and assets don’t affect Medicare eligibility but they do affect Medicaid eligibility requirements. If you get married and you’re on Medicaid, Medicaid is allowed to look at your household income—and that would include the income your spouse makes. Should your spouse’s income put you above the income allowed for a couple, you could lose your Medicaid coverage.
The Difference Between Medicare and Medicaid
Medicare is a social insurance program that provides health insurance to more than 44 million people. Medicaid is a social welfare program that serves about 40 million people. Both programs were created when President Lyndon B. Johnson signed and put these programs into affect on July 30, 1965.
Advice Before Initiating Any Changes
If you have any questions concerning eligibility requirements for Medicare, call or check online for answers. There is an abundance of help on or offline that can help get you back on track.