How Medicaid Financial Eligibility Rules Exclude Financially and Medically Vulnerable Older Adults.

TitleHow Medicaid Financial Eligibility Rules Exclude Financially and Medically Vulnerable Older Adults.
Publication TypeJournal Article
Year of Publication2023
AuthorsCohen, MA, Tavares, J
JournalJ Aging Soc Policy
Pagination1-16
ISSN Number1545-0821
KeywordsFinances, Medicaid, Older Adults
Abstract

Millions of older Americans rely on Medicaid because it is the largest payer of long-term services and supports. To qualify for the program, low-income individuals age 65 and over must meet income standards based on the dated Federal Poverty Level as well as asset tests that are often viewed as quite stringent. There has long been concern that current eligibility standards exclude many adults with significant health and financial vulnerabilities. We use updated household socio-demographic and financial information to simulate the impacts of five alternative financial eligibility standards on the number and profile of older adults that would gain Medicaid coverage. The study clearly demonstrates that a large number of financially- and health-vulnerable older adults are excluded from the Medicaid program under current policy. The study highlights the implications for policymakers of updating Medicaid financial eligibility standards to assure that Medicaid benefits are targeted to vulnerable older adults who need them.

DOI10.1080/08959420.2023.2195784
Citation Key13237
PubMed ID36992556