Medical Factoring for Small Medical Offices

Posted on October 10, 2011 by admin

As commercial lines of credit and business loans get harder and harder to qualify for, many medium and small medical practices and healthcare businesses are turning to medical factoring to help alleviate their slow cash flow.

Although many medical practices can still qualify for a business loan or line of credit, many are finding that traditional banking products don’t always solve their cash flow concerns in the long term. Why? Well, traditional business loans have to be paid within a few years and lines of credit have fixed maximum limits. Basically, neither product is very flexible and both are hard to get, unless you run a medium sized medical practice.

Medical factoring presents an interesting financing alternative. It provides you with financing that is tied to your insurance claims. If you file more claims this month than last month, your financing goes up accordingly. It provides you with predictable cash flow, ensuring that you are able to meet your office expenses. You’ll have predictable money to pay rent, meet payroll and invest in growth.

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And, medical factoring is ideal for small medical offices. Although most factoring companies have minimums, many will finance an office that is billing as little as ,000 (net) per month.

Medical factoring works as follows:

You submit your insurance and Medicare/Medicaid claims as usual. You send a copy to the factoring company

The factoring company advances you 70% to 85% of your net collectibles (the non advanced part works as a reserve to cover disputes/etc.). You can use the funds as you see fit

Once the medical factoring company gets paid, the transaction is settled.

Setting up a factoring account can take a couple of weeks, mostly because the medical factoring company will need to perform their due diligence and audits. However, once the account is set up, the financing is continuous. You can usually get your claims funded within 24 hours of submitting them to the factoring company.

If your small medical practice has slow cash flow but good growth prospects, then factoring may be the tool to help you finance your growth.

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Family Caregivers: Get Reimbursed for Providing Your Homecare Services!

Posted on October 8, 2011 by admin

Many of us will gladly take Mom to her doctor’s appointments, administer medications, and check in if the need arises without a second thought. But with millions of loyal children caring for aging parents out of their own pockets, a little financial relief is welcome. Few family caregivers are aware that you can get paid – however small the amount may be – to care for Mom and provide homecare services. Due to the long working hours, however, some adult children caregivers have been forced to leave their full-time jobs or even scale back their hours spent on the clock, leading to a significantly reduced cash flow. Fortunately, if being a caregiver is causing a noticeable financial strain, there are homecare reimbursement programs that can help alleviate some of the burden. Keep in mind, however, that you must practice patience when applying for these programs – make sure that your application is up-to-date and all the necessary attachments are included before you send it so that delays aren’t any longer than necessary.

Long-Term Care Insurance (LTCI)

Long-term care insurance, which functions as an indemnity program, only pays the insured the amount that was contracted at the outset, and regardless of homecare services that are received, will only pay that specified amount.

LTCI, which covers nursing home, home health care, adult day care services, assisted living facilities, and hospice care, offers payments to in-home family caregivers, though the insurance must include in-home care and/or homecare services coverage. In certain instances, LTCI requires that family caregivers complete a basic training program on homecare services and/or caregiving for elderly patients. Though almost all LTCI contracts include skilled, intermediate, and custodial long-term homecare services, don’t rely on this type of insurance to be your only fall-back when it comes to paying for in-home health care. Though for clarification, you should contact your LTCI company directly for details on its family caregiver reimbursement policies as well as what is needed to qualify.

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Medicaid Cash and Counseling Program

A state-administered program, Medicaid is only available to low-income individuals and families who meet certain federal and state law eligibility requirements. In other words, if you have limited income and resources, applying for Medicaid relief is advisable; however, you must be able to meet specific eligibility criteria. Persons over the age of 65 with limited income and resources immediately become eligible as well as those who are terminally ill or live in a nursing home.

Fortunately, if the person you’re caring for is either eligible for or is currently using Medicaid, you may be able to receive direct payments from its Cash and Counseling program, though it is available only to family caregivers in select states, such as Alabama, Arkansas, Florida, Illinois, Iowa, Kentucky, Michigan, Minnesota, New Jersey, New Mexico, Pennsylvania, Rhode Island, Vermont, Washington, and West Virginia. In some cases, the person you’re caring for may have too high an income, excluding him or her from the Medicaid program; some states, such as Georgia, Maine, Nebraska, North Dakota, Oklahoma, and Oregon, have accounted for this oversight and offer similar programs to family caregivers (1).

Medicaid, aware that family caregivers are often the best care providers for Mom or Dad, will send a check directly to the recipient to reimburse for homecare services rendered, though this amount depends upon various assessments of overall needs and the average cost of in-home health care for that particular state. This money can also be used by family caregivers to purchase supplies, medical equipment, or even to pay for ADLs (activities of daily living). To find out if your loved one is eligible or for more information on the Cash and Counseling program, please call the National Program Office at 617-552-2809.

Making the Arrangement with Mom Official

Since money is involved, it’s recommended that family caregivers draw up some sort of short, typewritten contract that outlines the terms of the caregiving situation in depth, including the pay rate and frequency, job description and homecare services that will be provided, and how various expenses will be reimbursed (if applicable). Hiring an attorney or other legal professional will help all family caregivers involved create a legal document that prevents sticky situations from arising.

It’s also important to remember that this payment is viewed as income by the government, so all family caregivers must report their earnings each year as taxable income. Though the money received for providing homecare services is negligible, it will help to offset many of the costs associated with providing Mom (or Dad) with a loving, stable, and comfortable home.

Sources

1. http://www.nga.org/Files/pdf/0406AgingCaregivers.pdf

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Does Your State Accept Medicaid for Assisted Living Facilities?

Posted on October 7, 2011 by admin

Before individual state governments passed much-needed legislation, many assisted living facilities were only private pay situations. Fortunately, for many older Americans facing housing dilemmas, Medicaid waiver programs have taken up much of the slack that Medicare did not. Providing funds for placement in assisted living facilities as well as a number of other helpful services, Medicaid helps lower-income, elderly individuals receive the care they need.

All states accept funds from Medicaid waiver programs for placement within a nursing home, which are normally more expensive than assisted living facilities. While many states do not recognize funds from Medicaid waiver programs for assisted living, those that do are located throughout the country and offer many options to aging Americans needing assistance with daily living activities. After searching high and low, finding a general overview of states that offer the Medicaid waiver program for assisted living was rather nonexistent, but my research is your gain.

Medicaid Waiver Programs State Line-Up

As of publication, there are no definitive lists that outline states with Medicaid waiver programs for assisted living facilities. At best, the government (via the Centers of Medicare and Medicaid Services) has created an online list of all Medicaid waiver programs (1), meaning visitors have to spend time finding the desired information. Although I’ve outlined the states that do accept Medicaid waiver programs, certain impediments may be in place to securing a Medicaid-covered bed in an assisted living facility. Be aware that some states may offer the program on a trial basis, follow limited participation quotas, or are just introducing the program to state residents. As always, verify eligibility requirements with the Centers for Medicare and Medicaid Services.

i. Arkansas – Aged and disabled program participants are provided with adult residential care, assisted living, and medication assistance and consulting till death.

ii. California – Beginning in 2003, California began offering Medicaid waiver programs to aged individuals.

iii. Delaware – Program participants with Alzheimer’s, dementia, physical disabilities, or needing assistance with activities of daily living (ADLs) are provided with funds for assisted living facilities.

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iv. Florida – There are quite a few Medicaid waiver programs for the state of Florida, including a broad waiver for all individuals aged 65 or older; individuals with Alzheimer’s disease and dementia; case management services; assisted living; incontinence supplies to frail, elderly, and disabled individuals aged 60 or older; and a home and community based waiver that offers mental health services to seniors in specific areas of the state.

v. Iowa – Many assisted living facilities across the state accept money from Medicaid waiver programs; however, the number of residents in a facility using these funds is limited.

vi. Indiana – Aged and disabled individuals are provided with case management, transportation, assisted living, medical equipment, congregate care, home delivered meals, nutritional supplements, and much more. The state also offers a targeted assisted living waiver program that focuses on therapeutic social and recreational programming.

vii. Maryland – Program participants are assessed and, if deemed eligible, are offered either services in the home or placement in an assisted living facility.

viii. Mississippi – Medicaid waiver programs for this state cover individuals requiring assisted living services due to disabilities, Alzheimer’s disease, and dementia as well as individuals aged 65 and older needing adult residential care.

ix. Missouri – Program participants aged 65 and older needing assisted living services are eligible.

x. Nebraska – Individuals aged 65 or older who agree to participate in medical and health care evaluations are eligible for home services or can be placed in an assisted living facility (2).

xi. New Jersey – Under the Enhanced Community Options waiver (3), individuals can either remain at home to receive assistive services or be placed in an assisted living facility.

xii. Ohio – The Ohio Department of Aging is responsible for determining applicants’ waiver eligibility, evaluation of disabilities, prognoses, and financial assets for proper placement within assisted living facilities.

xiii. Rhode Island – Aged and disabled individuals are provided with assisted living services, case management, and specialized medical equipment.

xiv. Vermont – Eligible Medicaid recipients are provided with assisted living services under Choices for Care, 1115 Long-Term Care Medicaid Waiver, as well as a number of other care options.

xv. Virginia – This state’s Medicaid waiver programs apply only to individuals with Alzheimer’s disease or dementia who require the services of assisted living facilities. Depending upon the medical circumstances, age limits may be in effect.

xvi. Washington – The waiver program provides for aged and disabled residents at assisted living facilities.

xvii. West Virginia – Aged and disabled program participants are provided with adult residential care and assisted living services.

Additionally, some states offer details on restrictions and eligibility that can be downloaded by navigating to each respective state’s Medicaid waiver informational link.

What to Look for in the Future

State governments determine eligibility based on income, giving lower-income seniors an opportunity to be placed in a facility that will look after their needs and supervise daily activities. With the baby boomers retiring as we speak and well into the coming years, will we see growth in the number of Medicaid-eligible assisted living facilities in other states? Perhaps the thirty-three or so other states will realize the incredible benefits to both seniors and society in general.

Sources

1. http://www.cms.hhs.gov/MedicaidStWaivProgDemoPGI/MWDL/list.asp?intNumPerPage=all&submit=Go
2. http://www.nenaaa.com/finding-care/aged-medicaid/
3. http://www.state.nj.us/health/senior/go.shtml

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Recent reports for MSLP, REED, and CYAN

Posted on October 5, 2011 by admin

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MusclePharm Corporation (OTC:MSLP) recently reported that the National Association of People with AIDS requests the approval of MSLP’s Recon nutritional supplement to the New York State Medicaid list of prescription medications. MSLP’s nutritional supplement Recon contains important amino acids that help assist in reaching higher levels of nutrition for pepople living with HIV. MSLP’s easily digestable supplement helps the absorption of amino acids and proteins, it also contains essential minerals, Glutamine, and digestive enzymes along with other metabolic agents that help maximize recovery, protein synthesis and endurance.

MSLP is a fast-growing developer and manufacturer of safe, scientifically approved nutritional supplements that are free of banned substances and tested by athletes. They are designed to help athletes, bodybuilders, weightlifters and fitness enthusiasts improve their performance. Each and every MusclePharm product is the end result of an advanced six-stage research and testing protocol involving the expertise of top nutrition scientists.

 

 

Reed’s, Inc. (NASDAQ:REED) is the maker of the top selling sodas in natural food stores nation wide. REED recently reported that Publix Super Markets, which operates 1020 supermarkets in Florida, Georgia, South Carolina, Alabama, and Tennessee, will begin carrying Reed’s Natural Ginger Nausea Relief, a ginger-based remedy for nausea and motion sickness, in the over-the-counter remedy aisle in all of Publix locations.

REED makes the top selling natural sodas in the natural foods industry sold in over 10,500 natural food markets and supermarkets nationwide. In 2009, Reed’s started producing Private Label natural beverages for select national chains. Its six award-winning non-alcoholic Ginger Brews are unique in the beverage industry, being brewed, not manufactured and using fresh ginger, spices and fruits in a brewing process that predates commercial soft drinks. The Company owns the top selling root beer line in natural foods, the Virgil’s Root Beer product line, and the top selling cola line in natural foods, the China Cola product line.

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Cyanotech Corporation (Nasdaq:CYAN), a world leader in microalgae-based, high-value nutrition and health products, recently reported that it had received notice from the Nasdaq Stock Market on June 30, 2010 of full compliance with Listing Rules required for its continued listing on the The Nasdaq Capital Market.

On March 8, 2010, Nasdaq issued a non-compliance notice to the Company given the appointment of David I. Rosenthal as Interim President and CEO and his concurrent resignation from the Audit Committee of the Board of Directors due to his temporary executive position. The non-compliance notice was due to the Board having fewer than three independent directors on its audit committee and having less than a majority of non-executive, independent directors. On March 31, 2010, the Board was restored to compliance upon the resignation from the Board by the prior President and CEO, leaving a majority of non-executive, independent directors plus only two executive directors. On June 23, 2010, the Board of Directors appointed Michael A. Davis, an independent director, to the Audit Committee. Upon its notification of this action to Nasdaq, the Company completed its requirements for return to full compliance.

CYAN engages in the cultivation, production, and sale of natural products derived from microalgae worldwide. It offers BioAstin natural astaxanthin, a dietary antioxidant for use as a human nutraceutical and functional food ingredient to support and maintain the body’s natural inflammatory response, as well as to enhance skin, muscle, and joint health.

 

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Features of Florida Long Term Care Partnership Policies

Posted on October 4, 2011 by admin

Florida long term care partnership program is one of the government initiatives that aims to offer cheaper monthly premiums to its residents. It is also one way of encouraging them and to make them realize how important having an Long term care insurance policy is to their future LTC needs.

 

There is no denying that some people doubt getting an LTC plan for themselves because of the expensive rates that comes with such policies. for them, it is unpractical to spend and shell out that amount of money especially now that the economy is still unstable and financial turmoil is still threatening the country. They opt to delay, or worse, do not but one at all thinking that they will not need it in the coming years.

 

Truth is, it was found out that an individual would require to receive LTC services at least once in their entire lifetime and that it usually lasts for an average of three years. This just shows that LTC insurance plans are beneficial and helpful especially to those who are nearing their retirement age and have weaker health status.

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LTC insurance policies provide services and facilities that cater to the medical needs of the insured individuals. An insured person may stay and be confined in a nursing home or adult day care facility to receive treatment and other medical assistance during the course of his policy’s benefit coverage period. However, he may also opt to receive his policy benefits at the comfort of his own home.

 

Florida long term care partnership plans, although much cheaper than those that were bought in private insurance companies, provide two more additional features that give more benefits and advantages to their policyholders. These features are known as the Dollar-for-Dollar asset protection and the reciprocity standards.

 

The Dollar-for-Dollar asset protection feature allows the insured individual to keep a dollar of his assets for every dollar that his partnership plan pays out in benefits. Should he needs to avail of Medicaid benefits in the future, these assets will then be disregarded by Medicaid, thus, giving him the chance of getting qualified for eligibility. However, owning a partnership plan does not guarantee an individual of automatic qualification. He must still meet the standards set by Medicaid in order to receive its benefits.

 

On the other hand, the reciprocity standards let the insured person to transfer or move from one state to another without the need of buying another partnership policy. The partnership plan that he owns from his previous state will still be usable and valid, given that the state that he transferred to participates in the reciprocity agreements of the other states that have partnership programs.

 

Aside from these two additional features, all partnership policies also provide the three mandatory features of all LTC plans namely, benefit amount, benefit coverage period, and inflation protection.

 

For more details on what other benefits the Florida long term care partnership plans has in store for the possible policyholders, one may ask directly his preferred insurance provider or he may visit the websites of some of the private insurance companies in the country.

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Family Caregivers – Get Reimbursed For Providing Your Homecare Services!

Posted on October 3, 2011 by admin

Many of us will gladly take Mom to her doctor’s appointments, administer medications, and check in if the need arises without a second thought. But with millions of loyal children caring for aging parents out of their own pockets, a little financial relief is welcome. Few family caregivers are aware that you can get paid – however small the amount may be – to care for Mom and provide homecare services. Due to the long working hours, however, some adult children caregivers have been forced to leave their full-time jobs or even scale back their hours spent on the clock, leading to a significantly reduced cash flow. Fortunately, if being a caregiver is causing a noticeable financial strain, there are homecare reimbursement programs that can help alleviate some of the burden. Keep in mind, however, that you must practice patience when applying for these programs – make sure that your application is up-to-date and all the necessary attachments are included before you send it so that delays aren’t any longer than necessary. Long-Term Care Insurance (LTCI) Long-term care insurance, which functions as an indemnity program, only pays the insured the amount that was contracted at the outset, and regardless of homecare services that are received, will only pay that specified amount. LTCI, which covers nursing home, home health care, adult day care services, assisted living facilities, and hospice care, offers payments to in-home family caregivers, though the insurance must include in-home care and/or homecare services coverage. In certain instances, LTCI requires that family caregivers complete a basic training program on homecare services and/or caregiving for elderly patients. Though almost all LTCI contracts include skilled, intermediate, and custodial long-term homecare services, don’t rely on this type of insurance to be your only fall-back when it comes to paying for in-home health care. Though for clarification, you should contact your LTCI company directly for details on its family caregiver reimbursement policies as well as what is needed to qualify. Medicaid Cash and Counseling Program A state-administered program, Medicaid is only available to low-income individuals and families who meet certain federal and state law eligibility requirements. In other words, if you have limited income and resources, applying for Medicaid relief is advisable; however, you must be able to meet specific eligibility criteria. Persons over the age of 65 with limited income and resources immediately become eligible as well as those who are terminally ill or live in a nursing home. Fortunately, if the person you’re caring for is either eligible for or is currently using Medicaid, you may be able to receive direct payments from its Cash and Counseling program, though it is available only to family caregivers in select states, such as Alabama, Arkansas, Florida, Illinois, Iowa, Kentucky, Michigan, Minnesota, New Jersey, New Mexico, Pennsylvania, Rhode Island, Vermont, Washington, and West Virginia. In some cases, the person you’re caring for may have too high an income, excluding him or her from the Medicaid program; some states, such as Georgia, Maine, Nebraska, North Dakota, Oklahoma, and Oregon, have accounted for this oversight and offer similar programs to family caregivers (Source: National Governor’s Association). Medicaid, aware that family caregivers are often the best care providers for Mom or Dad, will send a check directly to the recipient to reimburse for homecare services rendered, though this amount depends upon various assessments of overall needs and the average cost of in-home health care for that particular state. This money can also be used by family caregivers to purchase supplies, medical equipment, or even to pay for ADLs (activities of daily living). To find out if your loved one is eligible or for more information on the Cash and Counseling program, please call the National Program Office at 617-552-2809. Making the Arrangement with Mom Official Since money is involved, it’s recommended that family caregivers draw up some sort of short, typewritten contract that outlines the terms of the caregiving situation in depth, including the pay rate and frequency, job description and homecare services that will be provided, and how various expenses will be reimbursed (if applicable). Hiring an attorney or other legal professional will help all family caregivers involved create a legal document that prevents sticky situations from arising. It’s also important to remember that this payment is viewed as income by the government, so all family caregivers must report their earnings each year as taxable income. Though the money received for providing homecare services is negligible, it will help to offset many of the costs associated with providing Mom (or Dad) with a loving, stable, and comfortable home.

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Time To Grab The Free Government Cell Phones

Posted on October 2, 2011 by admin

The cell phone is the gadget which is ruling over our lives to a very high extent. Definitely, it has become our best friend in the present times. It is true that all of us tend to check our mobile phones every two to three minutes. Owing to the present lifestyle, a mobile phone is one of the most vital things one can own. It helps you stay connected with your near and dear ones anytime and anywhere, it is your best way out in emergencies, and much more. All in all, a mobile phone is a necessity that cannot be over looked.

 

The government has a launched a program for the people who cannot afford to own one. According to this plan, if you are taking part in any government services like Medicaid, Food Stamps, Temporary Assistance to Needy Families (TANF), Federal Public Housing Assistance (Section 8), Supplemental Security Income (SSI), Low Income Home Energy Assistance Program (LIHEAP), National School Lunch Program (NSLP), Household Income Based on Federal Poverty Guidelines etc., then you could also qualify for a Free Government Assisted Cell Phone. Qualifications vary by state so check your states qualifying program on the order form. You will get a Free Government Cell Phone with 68 to 250 minutes of service per month, depending on the state in which you are based. It will be very simple and easy to get your Free Cellular Phone Service with government assistance if you are a resident of any of the following states – Louisiana, Arkansas, Illinois, Iowa, Maryland, Missouri, Kansas, Nevada, Rhode Island, Washington or West Virginia.

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This Free Government Cell Phone Plan offers you many other benefits as well. You can make local and long distance calls, send and receive text messages, and access voicemail. If you need more minutes or running short of free minutes then you can buy them at a reduced price. With these plans you will never be under any contract and there will be no obligation of any kind.

 

There are various ways to get your free cell phone. On the internet you can get the free government cell phones with no trouble. You just have to fill out an order form provided by the service provider. After you submit the form, your order will be processed. A free cell phone will be set up for you and shipped to the address you provided on the order form. Visit www.mygovernmentcellphone.com now and grab your free government cell phone.

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Finding Good West Virginia Dental Insurance

Posted on October 2, 2011 by admin

Often folks make inaccurate suppositions concerning West Virginia. For example, new residents might not expect to find quality dental care or dental insurance options.

Why? It is true that among the fifty US states West Virginia ranks 31 for their shortage of dentists and hygienists. As recently as November 2010, West Virginia held the very last position among the entire USA for dental health. That ought to make West Virginians stand up, take notice and start taking better care of their teeth. But it still costs too much for many people. In addition, education about preventive care is minimal in too many families.

But dental insurance in West Virginia is really available more today than ever before. Many providers want to give you and your family a hassle-free way to pick an affordable dental program. You can find strong discounts on many dental treatments with a dental insurance plan. You’ll be able to examine and choose from a variety of programs which have excellent savings.

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Some discount plants will plan offer up to 80% in savings on the expenses of most routine procedures such as: checkups,X-rays,cleaning, fillings, tooth extractions, sometimes root canals and dentures. Usually things like teeth whitening and orthodontic braces require additional costs. You need to be aware that these are discount plans, not dental insurance. Nevertheless it is possible to find significant financial savings for your oral hygiene.

You will discover the full range of West Virginia dental insurance from full coverage indemnity insurance to HMO’s, PPO’s, Discount and Direct Reimbursement Plans. By seeking certified experts and dental insurance plan vendors, West Virginia residents can save on just about all dental fees and procedures including restorative dental care, fillings, crowns, some extractions, root canals and sometimes braces or teeth whitening, in addition to routine exams and cleanings and x-rays.

You’ll be able to contact state insurance commissioner ‘s office in West Virginia for information about available dental insurance programs, like CHIP (Children’s Health Insurance Program) and Medicaid, in addition to private insurance companies.

Although the state insurance office does not regulate discount plans, with their help you ought to be able to find some comprehensive coverage in West Virginia. Access WV and the Health Insurance Exchange can give you even more information. Actually, you can contact the State Insurance Commissioner’s office for comprehensive and detailed information about dental insurance in West Virginia.

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Some notable changes in Health insurance Florida

Posted on October 1, 2011 by admin

Health insurance industry is going through lots of changes with the implementation of healthcare reforms being implemented across the nation. In Florida, consumers need to understand these changes to make sure they are able to make a learned decision to buy health insurance. Florida is one of main states for insurers and they need to make sure that they comply with healthcare reforms so that consumers do not face problems while buying health insurance.

Lots of consumers are not updated about what are the benefits of healthcare reforms and how it can help them to buy a suitable and affordable health insurance plan in Florida. It is important, therefore, to guide them and inform them about the potential benefits of healthcare reforms. Though the main idea of buying health insurance Florida is to become financially secure, it is also important to make a suitable choice for the same.

Lots of companies offer health insurance Florida to the consumers: Aetna, AMS, Assurant, Avalon Healthcare, AvMed Health Plans, Blue Cross and Blue Shield, Celtic, Cigna, Coventry, Golden Rule, Humana One, IAC, Solera Dental, and Vista are the private insurers; while Medicaid, Florida KidCare Program, Florida Breast and Cervical Cancer Program, and the Federal Health Coverage Tax Credit (HCTC) are the government sponsored programs.

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Healthcare reforms help the consumers in Florida to buy health insurance with ease. Below is some important information about health insurance Florida and how consumers can be benefited through these changes:

1.    Healthcare reforms make sure that small businesses in Florida will be offered tax credits for offering health insurance to their employees. With this, it is expected that around 290,000 small businesses in Florida will be benefited. Of course, small business employees will have more choices to buy health insurance Florida.

2.    Consumers in Florida will not be imposed with lifetime limits on the coverage they are offered by health insurance companies. This is huge benefit for the consumers.

3.    Insurance companies in Florida will not be allowed to drop consumers from coverage because they got sick. This is one of most useful change that the healthcare reforms bring to the consumers in Florida.

4.    The children in Florida got a real shot in the arm, as they will not be excluded from coverage based on the pre-existing medical condition.

5.    Children in Florida will be able to stay in their family health insurance as dependents till the age of 26 years. With this, children do not need to buy a separate health insurance plan.

6.    Florida’s community health centers will be strengthened by increased funding, thereby providing better healthcare services to the patients. With this, consumers will have access to low cost health insurance options.

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Medicaid in Oklahoma: A Look at the State Insurance Program

Posted on September 30, 2011 by admin

While deficiency of income can restrict admittance to some things, premium healthcare doesn’t need to be one of them – thanks to the premium options and programs designed specially for for lower income households and individual Oklahomans. In Oklahoma, low-income residents have admittance to good quality health care through Medicaid, or SoonerCare, as it is known in Oklahoma.

Families and individuals, already financially pressed due to job losses or other economic factors beyond their control, can find the rising cost of health care both frustrating and daunting.

Fortunately, Oklahoma residents currently have a safety net in the form of Medicaid.

What is SoonerCare? It is the Medicaid program offered by the State of Oklahoma. A program of the state and federal governments, SoonerCare is similar to Medicaid programs offered in other states.

In order to qualify for this unique state and federal health insurance program, there are specific application requirements and eligibility rules that you must meet. While all Medicaid programs are federally funded, each state has its own set of guidelines for applying and determining eligibility.

Because of the regional differences in regulations, a move from one state to another will almost certainly mean a change in your eligibility status.

Moving to Oklahoma means you will need to become aware of that state’s specific Medicaid requirements and eligibility guidelines. The following outline will help you determine your Medicaid eligibility in the state of Oklahoma.

Oklahoma Medicaid makes family planning programs available to adults over the age of 19. It is important that your household income be less than 185% of the Federal Poverty Level(FPL) in order to eligible for Medicaid in Oklahoma. In addition, you may not currently be enrolled in any other health insurance program, private or public, including Medicare.

If there are children under the age of 19 living in your household, your family should be eligible for state and federal Medicaid benefits. The size of your family will also help determine your minimum monthly income requirements. Larger families and those people with lower incomes will be more likely to qualify to receive Medicaid.

Seniors over the age of 65 are also eligible for Medicaid. Another qualifying factor for Medicaid includes disability. However, in order to enjoy of all the advantages of Medicaid in the Sooner State, you must be registered as a resident of Oklahoma and a U.S. citizen or, if not you are not a citizen, a legal resident of the U.S.

These guidelines are important to bear in mind when going to apply for Medicaid, or SoonerCare, in Oklahoma. Avoid delays and unexpected expenses by reviewing eligibility guidelines and application requirements before you submit your Medicaid application.

Of all the health care programs currently offered by the government, Medicaid is one of the most popular and successful. Thanks to Medicaid, you can focus on your health – not on the bill.

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