Question

Problem 1. Medicaid is a means-tested public health insurance program for certain low- income individuals, and is the largest health insurance program in the U.S. by enrollment. a. What is a "means-tested" program? Is there any asset test for general Medicaid b. Medicaid per capita cost varies greatly across states. What could explain such geographic variation?

Answer 1

Means tested program: It is some kind of Government programs and benefits which are only available to those whose income are too low means a rich person won't be able to access these benefits.

Asset test for general Medicaid coverage: Most programs use an asset test.If your income and assets are above a certain limit, you will not qualify for the program.In 2019, the income limit is set at $2313 per month and asset limit at $2000 for an individual.Some are the most common assets to consider like Bank account and Cash, Funeral and burial funds,Insurance policies, property,vehicles etc.

Some other means tested program:

1) Aid to Dependent children

2) AIDS Health Insurance Program

3) COBRA

4) Medicaid for the working disabled

5) Medicare Cancer Treatment Program

6) Social Security Insurance