i receive money from a personal injury annuity and was wondering if it was considered income towards medical assistance because if it is considers income ( even tho its not taxed by the government ) then i don't qualify
It may be -- make ure you ask the entity from which you are seeking benefits. If, for example,you are seeking Medicaid, I can guarantee you that a personal injury settlement is something that will be considered on the dolalrs you are eligible to receive.
Good luck to you -- whatever you do, don't dance around the truth on this stuff as it may jeopardize potential assistance.
There are programs which are need based, such as SSI and medicaid. I think monthly income of 2k for an individual will make you ineligible. You can check with the program for the eligibility reqts. Income from a settlement annuity will be counted against you.
Befre we settle cases, we check to see what programs the client is on or likely will need. Then the settlement can be structured in a way to preserve eligibility. Primarily this was done with special needs trusts or a pooled spec needs trust. I would suggest you talk to a malpractice atty to see if the atty who represented you may have been negligent. You may want to talk with an elder law atty or otherbenefits atty to see if there is anything you can do at this point. You may end up just having to wait until the new "Obamacare" programs come out. Then you can buy ins even with your preexisting condition. Some states even now have special ins programs for people with preexisting conditions and who dont qualify for medicaid. You should check with PA. Good luck.
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