Medicaid is a federally-financed program, which provides assistance in paying for hospital stays, doctor visits and drug coverage facilities. To be eligible for Medicaid program, you must satisfy the guidelines, set by the state and federal governments. If you need state assistance for paying your health care costs, you can sign up for Medicaid program. Here are the specifications which will help you know how to qualify for Medicaid in Vermont.
You can apply for Medicaid, only if you are a Vermont resident and U.S. citizen. Qualified aliens with valid U.S citizenship can also enroll for this program. To be considered as a qualified alien, you must be a lawful resident of United States for at least five years. An individual having green card or looking for refuge in U.S. is also eligible to apply for Medicaid. A member belonging to an Indian tribe, recognized by federal government, is also considered as a qualified alien.
Applicants of Medicaid program must qualify certain income specifications. Total monthly income of the individuals or families and number of family members are considered for Medicaid eligibility. Income limit for families depends on the service area of Medicaid program. Income earned in the form of salaries and wages by the employees is considered by the state, to determine eligibility. From your income calculation, certain expenses like daycare are deducted by the state. Income such as unemployment compensation and social security related benefits are also considered.
Applicants of Medicaid cannot have more than the specified quantity of resources. Resources are any assets, which have the possibility of generating income. For example, bonds, stocks, bank accounts, etc can be considered as resources. Your primary home cannot be considered as a resource. The maximum limit of resources you can possess is $2,000 for individuals and $3,000 for couples. Resources of pregnant women are not taken into account, when applying for Medicaid benefits.