I’m self employed and am on medicaid, in my early 20s.
Just past the $17k mark this year for income. I got a small car crash settlement of $3900 in April plus the stimulus checks so I’ve maintained a balance of $7,000 since then but never reported because I didn’t know I had to as I was put on medicaid awhile I was a minor and never knew the rules. Our family lawyer actually told me I have to go report my income so that’s what I did today.
Went down there, they took copies of my P&L and said a case worker will be likely looking over my file within the next 2 weeks. I asked if I could be in trouble for the high cash asset resources and she said “You should have reported the settlement but Nobody is losing health insurance right now. Besides, with medicaid you wouldn’t have to pay it back if you got in trouble, you’d just be kicked off. You’re okay”. Her comment is the opposite of what I’ve seen online which basically makes me out to be a soon Felon with massive fines and repayment?
I never filled out any forms or anything today. Is this normal? Did I do the right thing?
I’m hoping to get off Medicaid and get on with my life as I’m younger and starting to make money, just don’t want to get in trouble.
submitted by /u/cucumbers4breakfast
[link] [comments]I’m self employed and am on medicaid, in my early 20s. Just past the $17k mark this year for income. I got a small car crash settlement of $3900 in April plus the stimulus checks so I’ve maintained a balance of $7,000 since then but never reported because I didn’t know I had to as I was put on medicaid awhile I was a minor and never knew the rules. Our family lawyer actually told me I have to go report my income so that’s what I did today. Went down there, they took copies of my P&L and said a case worker will be likely looking over my file within the next 2 weeks. I asked if I could be in trouble for the high cash asset resources and she said “You should have reported the settlement but Nobody is losing health insurance right now. Besides, with medicaid you wouldn’t have to pay it back if you got in trouble, you’d just be kicked off. You’re okay”. Her comment is the opposite of what I’ve seen online which basically makes me out to be a soon Felon with massive fines and repayment? I never filled out any forms or anything today. Is this normal? Did I do the right thing? I’m hoping to get off Medicaid and get on with my life as I’m younger and starting to make money, just don’t want to get in trouble. submitted by /u/cucumbers4breakfast [link] [comments]Read Morer/HealthInsurance