When it comes to health insurance, many people want to apply for Medicaid because of the low-cost options. You can provide information about how this process works so that you can better serve patients, making them want to come back to your hospital again when needing treatment.
First off, your patients need to consider how much money they make. Make sure they know right up front that Medicaid is reserved for those who need it most. So if their salary is above a certain bracket, they won’t be able to qualify for this program. Make this process easy by helping them find out their modified adjusted gross income (MAGI).
All you need to do is enter some financial information into the computer, and then it will quickly determine if the patient is eligible for this program. MAGI takes into account taxable income as well as tax filing relationships. However, if they have some type of disability like blindness, they may be exempt from MAGI.
There are other factors that determine your patients’ eligibility for Medicaid. They have to be a resident of the state that they are trying to receive these benefits in. They must also be a citizen of the United States. Some programs also require applicants to be a certain age or have a specific parenting status.
Doing research in advance can help your patients apply for Medicaid the correct way. This improves their odds of receiving it, which can then help yield better profits for your hospital because patients are then capable of paying for your services.