Filing seperately and medicaid

Discussion in 'Tax' started by Bill, Jun 29, 2005.

  1. Bill

    Bill Guest

    My pension and social security and my wife' social security
    total enough to get some of her medications much cheaper via
    programs. However, if our income increases, she will lose
    that benefit.

    Previously, our high cost of medications forced us into
    bankruptcy.

    My question: can we file separately, and as such, with her
    small social security, could she could qualify for Medicaid?

    Bill

    << ======================================================= >>
    << The foregoing is intended for educational purposes only >>
    << and does NOT constitute legal OR professional advice. >>
    << It may not be relied upon for the purpose of avoiding >>
    << penalties that may be imposed on the taxpayer or the >>
    << tax preparer. >>
    << >>
    << The Charter and the Guidelines for submitting >>
    << messages to this newsgroup are at www.asktax.org. >>
    << Copyright (2005) - All rights reserved. >>
    << ======================================================= >>
     
    Bill, Jun 29, 2005
    #1
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  2. Bill <> wrote:

    > My pension and social security and my wife' social security
    > total enough to get some of her medications much cheaper via
    > programs. However, if our income increases, she will lose
    > that benefit.
    >
    > Previously, our high cost of medications forced us into
    > bankruptcy.
    >
    > My question: can we file separately, and as such, with her
    > small social security, could she could qualify for Medicaid?


    I can't answer the medicaid question. But if you lived
    together at all during the year, and file separately, 85% of
    social secuity will be included as part of taxable income.
    Perhaps no social security is presently included, on your
    joint return, as part of taxable income?

    __
    Art Kamlet ArtKamlet @ AOL.com Columbus OH K2PZH

    << ======================================================= >>
    << The foregoing is intended for educational purposes only >>
    << and does NOT constitute legal OR professional advice. >>
    << It may not be relied upon for the purpose of avoiding >>
    << penalties that may be imposed on the taxpayer or the >>
    << tax preparer. >>
    << >>
    << The Charter and the Guidelines for submitting >>
    << messages to this newsgroup are at www.asktax.org. >>
    << Copyright (2005) - All rights reserved. >>
    << ======================================================= >>
     
    Arthur Kamlet, Jul 1, 2005
    #2
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  3. Bill

    Herb Smith Guest

    Bill wrote:

    > My pension and social security and my wife' social security
    > total enough to get some of her medications much cheaper via
    > programs. However, if our income increases, she will lose
    > that benefit.
    >
    > Previously, our high cost of medications forced us into
    > bankruptcy.
    >
    > My question: can we file separately, and as such, with her
    > small social security, could she could qualify for Medicaid?


    If you file Married Filing Separately, 85% of your (and your
    spouse's) SS benefits will be subject to income tax -
    regardless of your other income. Are you sure that is a
    result you want to happen?

    << ======================================================= >>
    << The foregoing is intended for educational purposes only >>
    << and does NOT constitute legal OR professional advice. >>
    << It may not be relied upon for the purpose of avoiding >>
    << penalties that may be imposed on the taxpayer or the >>
    << tax preparer. >>
    << >>
    << The Charter and the Guidelines for submitting >>
    << messages to this newsgroup are at www.asktax.org. >>
    << Copyright (2005) - All rights reserved. >>
    << ======================================================= >>
     
    Herb Smith, Jul 1, 2005
    #3
  4. Bill

    D.F. Manno Guest

    Bill <> wrote:

    > My pension and social security and my wife' social security
    > total enough to get some of her medications much cheaper via
    > programs. However, if our income increases, she will lose
    > that benefit.
    >
    > Previously, our high cost of medications forced us into
    > bankruptcy.
    >
    > My question: can we file separately, and as such, with her
    > small social security, could she could qualify for Medicaid?


    Filing separately won't help. As long as the two of you are
    living together both incomes will be taken into
    consideration for Medicaid eligibility purposes.

    --
    D.F. Manno

    "The work goes on, the cause endures, the hope still lives
    and the dream will never die."

    << ======================================================= >>
    << The foregoing is intended for educational purposes only >>
    << and does NOT constitute legal OR professional advice. >>
    << It may not be relied upon for the purpose of avoiding >>
    << penalties that may be imposed on the taxpayer or the >>
    << tax preparer. >>
    << >>
    << The Charter and the Guidelines for submitting >>
    << messages to this newsgroup are at www.asktax.org. >>
    << Copyright (2005) - All rights reserved. >>
    << ======================================================= >>
     
    D.F. Manno, Jul 1, 2005
    #4
  5. Bill

    A.G. Kalman Guest

    Bill wrote:

    > My pension and social security and my wife' social security
    > total enough to get some of her medications much cheaper via
    > programs. However, if our income increases, she will lose
    > that benefit.
    >
    > Previously, our high cost of medications forced us into
    > bankruptcy.
    >
    > My question: can we file separately, and as such, with her
    > small social security, could she could qualify for Medicaid?


    How you file your tax returns (joint or separate) has no
    impact on medicaid qualification. The medicaid rules
    require that one look at countable community assets and
    countable community income.

    --
    Alan
    http://taxtopics.net

    << ======================================================= >>
    << The foregoing is intended for educational purposes only >>
    << and does NOT constitute legal OR professional advice. >>
    << It may not be relied upon for the purpose of avoiding >>
    << penalties that may be imposed on the taxpayer or the >>
    << tax preparer. >>
    << >>
    << The Charter and the Guidelines for submitting >>
    << messages to this newsgroup are at www.asktax.org. >>
    << Copyright (2005) - All rights reserved. >>
    << ======================================================= >>
     
    A.G. Kalman, Jul 1, 2005
    #5
  6. Bill

    A.G. Kalman Guest

    Bill wrote:

    > My pension and social security and my wife' social security
    > total enough to get some of her medications much cheaper via
    > programs. However, if our income increases, she will lose
    > that benefit.
    >
    > Previously, our high cost of medications forced us into
    > bankruptcy.
    >
    > My question: can we file separately, and as such, with her
    > small social security, could she could qualify for Medicaid?


    How you file your tax returns (joint or separate) has no
    impact on medicaid qualification. The medicaid rules
    require that one look at countable community assets and
    countable community income.

    --
    Alan
    http://taxtopics.net

    << ======================================================= >>
    << The foregoing is intended for educational purposes only >>
    << and does NOT constitute legal OR professional advice. >>
    << It may not be relied upon for the purpose of avoiding >>
    << penalties that may be imposed on the taxpayer or the >>
    << tax preparer. >>
    << >>
    << The Charter and the Guidelines for submitting >>
    << messages to this newsgroup are at www.asktax.org. >>
    << Copyright (2005) - All rights reserved. >>
    << ======================================================= >>
     
    A.G. Kalman, Jul 1, 2005
    #6
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