Sorry if this ques is inappropriate. I recently received Medi-Cal for my family b/c I am a FT student and don't work and my husband works in construction so we're not rich. I have to turn in my quarterly report and this includes bank statments. My husband recently got a tax return so our bank acct is looking better than usual. I have been scrapping by and saving this money to help pay for school expenses in the fall. I was wondering if they would take my medi-cal away b/c of an amt that is sitting in the bank, eventhough its a tax return. Thanks in advance.
you are suppose to report any income.
we don't know the particulars of your situation so it's best to ask your caseworker
They shouldn't. They understand about tax refunds. I've never turned in my bank statements, only the top part where my account number is listed, to prove I have the account. As far as I know, at least where I live, they aren't entitled to know how much money you have in the bank. We send them our most recent tax return to show the tax refund.
From what I know - Ohio... tax returns don't count. But depending on how much you have in the bank you may loose some benifits. In Ohio it's $10,000 in liquidable assests (things that can be sold quickly under 30 days or cash on hand - including retirement plans). Currently houses don't count as liqitable because the market is so bad & it takes nearly 6 mo to sell a house.
We do qualify for benifits (medicaid, food stamps and cash), but we are not recieving the cash, because we can't meet all the meeting requirements due to my health issues. So, we are scrapping by most of the time on what hubby can make doing odd jobs, we do report his income to the county and claim it on our taxes. But till they figure out how much damage my brain bleed and mini-strokes did - we are kinda stuck in limbo hoping not to loose everything.
Your best bet is to call someone & ask them... I wish you the best of luck!
I doubt it-when everything else is taken into consideration-but go online and see if you can find the parameters.- and make sure you are within them.All the best to you for your hard work!
I think you should ask your case worker.
I live in California and in my county, quarterly reports don't request bank statements, just how many hours worked by each person in the household and paystubs.
Bank statements are only required for annual renewal along with your most recent paystub(s).
As far as tax returns, it's my understanding that it doesn't affect your medi-cal eligibility, but you are expected to spend it in the month you receive it.
Many of our employees have medi-cal and they used their tax returns for buying a year's worth of auto insurance, new tires for the car, getting ahead on their rent or other bills.
Depending on your family size, you're not allowed to exceed certain asset limits or have over a certain amount of disposable income.
I would just ask your worker about it.
Best wishes.
Probably. In Oklahoma student financial aid and other money received for that purpose is not counted as income.
If you have over a couple of hundred dollars in the bank they are most likely going to terminate some of your benefits but being honest and talking to the worker is the best way.
I always put my money on the bursar account so that when school started I had money there. I also left a bunch of my disbursement on the account to pay my rent and campus bills.
If you are saving money why not just go ahead and file for financial aid. If you get medical cards you will qualify for a full ride in FA. They will give you all the money you need if you fill the right papers out, don't take any loans out. That bites you in the butt later.
Good luck with your programs and school!
At least the Medicaid in Missouri requires spend downs of any savings regardless of how they get it. We have a lot of patients that are covered and then not for a month or two because they have money in savings.
If I remember correctly the money must be spent on your expenses only so if that is the case in California perhaps you can just prepay your tuition and such now instead of waiting. What I do know is paying for your tuition does not effect grants. If you pay your tuition and there are grants involved they will refund the extra tuition paid. Then you use that for your other expenses and it never really hits your savings.
Call in the morning and ask your worker directly what happens in the case of a tax return. You do have to report it, and I recall there was one they counted, but I can't remember if it was federal or state, and if it was over a certain amount it had to be spent down to a certain amount in the month received. If it makes you ineligible for a month or so you may have to use it to offset medical expenses during those months, I had to do that at least once. I know you're trying to save it for school, but they don't always look at income the same way we do.
