Results 1 to 6 of 6
Thread: What's Dave say about Medicaid??
09-04-2011, 09:10 PM #1
What's Dave say about Medicaid??
This is something I have never heard Dave talk about: Medicaid.
I have a disability and have been on Medicaid for several years. It has been a blessing in that it covers any surgeries I need or treatments totally. Problem is I can only have so much in the bank and have no other assets or have Medicaid taken away. It is my only medical insurance and am terrified of losing it. But I feel like I am on a leash. There is no way I can legally save money and stay on Medicaid. I feel stuck but what else can I possibly do with this disability that needs continuous medical attention possibly for the rest of my life??
The job I have now pays me just under the maximum amount I am allowed to make annually in my state to keep Medicaid. I really don't know what to do. I am scared.
- 09-04-2011, 09:29 PM #2
- Rep Power
keep your savings in cash
09-04-2011, 09:30 PM #3
- Join Date
- May 2009
- Post Thanks / WTG / Hug
- Blog Entries
- Rep Power
Why would you care what Dave says?
You DO what you have to do. The man dosen't walk on water and he dosen't pay your medical bills. He puts his pants on the same way you do. Take care of YOU.
Like the above poster said...keep it in cash.Bank of America is THE godfather of Hell with Wells Fargo running neck and neck. When the world ends the only things that will be left are cockroaches, Walmart, Wells Fargo and Bank of America. Not necessarily in that order. The order remains to be seen.
/Goal $200.00 Total $63.25
Eat Out No More Nov
No Spend Challenge
Change Jar 2014
Christmas Fund 2014
09-05-2011, 07:34 AM #4
- Rep Power
I agree that this isn't really a Dave thing.
Medicaid really is a "last resort" program - meant for the truly desperate. Sounds like while you were truly desperate for a while there, you're not necessarily so much anymore (if you are worried about making too much to qualify you're not quite as desperate as you seem to think .
So you've got to ask yourself - do you want to deliberately stay poor so you can get Government assistance?
Possible options does your employer offer medical insurance - and if so can you qualify for enough of a raise to pay for that insurance? Or can you get a job with someone else that offers it and pays enough? Employer based insurance usually can't deny you, unlike private insurance, even for preexisting claims.
Finally - if you really want to know what Dave would say - best thing you could do is call his show and find out. I'd love to hear the call - I've never heard him talk about medicaid either.If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.
Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"
Greebo(Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!
ThreeTwo mortgages, two oneno car loans, oneno credit cards, and a partridge in pear tree!
09-05-2011, 10:13 AM #5
No I do not want to remain poor. Heck, I live with a parent because saving would be minimal if I were on my own. And I am not one to buy lots of "stuff". My computer's old and slow, I have this old tube television, etc etc etc. I'm not hard up for an iphone.
My life revolves around this chronic condition. Luckily I am able to work but there is no job in the near future that would pay more than what I make now. I may call into the show. I know Dave does not walk on water nor is he superhuman. My point is I am gathering information about what I can do to get off the assistance BUT still be able to pay for medical help. From what I know, being on my own, buying insurance through work and saving maybe $100 a month would be pushing it. But I'll keep moving along until finally I figure out what to do. I think I'll give the insurance company a call and see how they handle cases in which a person has to have numerous visits to the doctor throughout the year.
09-18-2011, 06:09 PM #6
- Rep Power
When I had surgery 3 weeks ago, the final bill for it came to $33,000. My insurance paid 7,000 of that bill, as per their contract with the hospital. My insurance doesn't just place limits on what they'll pay, but they also put limits on what the hospital can bill me. I paid nothing of that bill, not a penny. Out of 33,000, the hospital got about 7k.
The hospital signed this contract willingly, which kind of makes me wonder why they'd be willing to accept such a low payout. Tricare, medicare and medicaid regularly pay out less than half of the total billed for medical care. All insurance is like this basically, in order to get a contract with the insurance company, the provider will have to accept the limits placed on them by the insurance company.
So if most patients are insured and hospitals and doctor's offices willingly accept payment much, much lower than their asking price, why are the asking prices so high to begin with? If it's worth it for the hospital to do my surgery for 7k, why would the charge the uninsured 33k?
I have a couple theories. For one, using the higher prices as a bargaining tool when it comes time to negotiate a contract, it's probably more effective to ask for 10k for a 33K bill than it is to ask for 10k for a 12k bill. Secondly, when insurance companies pay a percentage of doctor's visits and hospital stays, the care provider collects more from a bigger bill. Thirdly, when someone pops in with no insurance at all and therefore no limits on what they can be charged, the hospital is obviously going to get more by charging you a larger amount. Even if they agree to forgive some of your bill, they'll still get more by starting with a larger sum.
In our entire medical care system, there is only one group of people that pays the outrageous and inflated asking prices of our hospitals. The uninsured. Not the uninsured who skip out on their bills, but the honest, hardworking but uninsured people who are too noble to let their bills go unpaid. Even if they get 5K of that cut off the bill, they will still pay more than anyone else for their medical care. The insurance companies, even if they cover the entire amount for their clients, have used their bargaining power to get your medical care cheaper. The insured, even if they have some kind of maximum payout for their insurance and have to pay their entire bill themselves, will still get the benefit of that contract and the limits it places on the cost of their care.
So suck it up, uninsured people. My insurance is costing you big bucks. Not only is it inflating the cost of your health care, but I don't pay a penny more because of it.
IMO, anyone who qualifies for medicaid should take it. You're walking on thin ice by not having an insurance company, any insurance company, on your side. If you do get on medicare, the biggest money-saving feature for you will be that agreement between your hospital and your insurance company. In fact, when you're on medicare, it will cost the government far less to pay for your medical care than it would cost you to pay for it out of pocket. Heck, you could even pay medicare's share of the bill, thereby negating any cost to the government and it would still save you a butt-ton of money. (I don't even know if you can do that though.)
By Jeanna in forum Dave RamseyReplies: 7Last Post: 07-23-2010, 01:30 PM
By semo_mom in forum Dave RamseyReplies: 12Last Post: 07-16-2009, 11:22 AM
By Dave'sGirl in forum General ChatReplies: 39Last Post: 01-03-2009, 11:36 AM
By bumplett in forum Leisure & Media ArtsReplies: 5Last Post: 09-15-2006, 10:46 PM
By mrscornbread in forum General ChatReplies: 13Last Post: 12-20-2003, 07:07 PM
Tags for this Thread