Will Your Stimulus Check Affect Medicaid Eligibility?
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Last month, many of us received stimulus checks in the mail. In fact, according to USA Today, 88% of Americans aged 18 and older were eligible for them. The check distribution started after the government passed the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act to help those facing financial setbacks amid the pandemic.
The CARES Act provided a stimulus check of $1,200 to individuals earning less than $75,000 per year ($150,000 for couples who file jointly), including Social Security beneficiaries. Individuals earning up to $99,000 ($198,000 for joint filers) received a smaller stimulus check, based on either 2018 or 2019 tax returns.
According to the IRS, Social Security recipients who weren’t required to file federal tax returns for 2018 or 2019 received $1,200 stimulus payments automatically.
Medicaid recipients and those hoping to qualify are wondering how the stimulus payment will affect them.
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