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MAGI Medicaid offers comprehensive health insurance to low-income children and adults. Most people must receive services through a managed care plan. See the questions below to determine if you qualify for MAGI Medicaid and if it is the best option for you.
You can preserve your assets for your spouse or future generations by transferring them into a Medicaid Qualifying Trust at least five (5) years prior to the need for long-term skilled nursing care.
The asset limit is $4,000 for an individual and $6,000 for a couple. 2) Asset Spend Down ? Persons who have assets over Medicaid's limit can still become asset-eligible by spending down extra assets on non-countable ones.
However, in Rhode Island (and most other states), the application process involves a 60 month (5 years) ?Lookback Rule,? which means that the state will review any transfers or gifts given within five years of your application and take those into account.
Who is eligible for Rhode Island Medical Assistance (Medicaid)? Household Size*Maximum Income Level (Per Year)1$19,3922$26,2283$33,0644$39,9004 more rows
Submitting Documents to Confirm Your Eligibility In Person: Visit the Walk-In Center located at 401 Wampanoag Trail, East Providence, RI 02915. Online: Go to your User Account on .HealthSourceRI.com and upload the documents. Fax: 401-223-6317. Mail: State of Rhode Island. P.O. Box 8709. Cranston, RI 02920-8787.
Rhode Island residents have to meet an asset limit and an income limit in order to be financially eligible for Medicaid for Elders and Adults with Disabilities (EAD). For a single applicant in 2023, the asset limit is $4,000, which means they must have $4,000 or less in countable assets.