News & Information

Are you trying to get Medicaid – but have you been told that your income is too high? Taking out a critical illness insurance policy provided by CancerPlans.com can actually help you qualify for Medicaid by meeting “spend-down” requirements.

Here’s how the process works: In order to qualify for Medicaid, you have to prove that you spend a certain amount of money on medical bills each month. (The amount, known as your “spend-down” amount, is the difference between your “excess income” and your eligibility limit for Medicaid.)

The good news is that supplemental insurance premiums count as medical bills! If you take out a critical illness insurance policy, you can show your premium receipts to your local Department of Social Services and use premium payments to contribute towards your “spend-down” amount.

Critical illness insurance doesn’t just protect you from future difficulty – it can help you qualify for Medicaid right now. Click here to read more about supplemental insurance and the spend-down process. You can learn more about critical illness insurance carriers, find the right policy and submit an application by clicking the “instant quote” button below.

(1) http://www.communitylegalaid.org/library/health/547-spend-down-eligibility-meeting-your-monthly-spend-down