The state subsidized medical program has stringent requirements that applicants must satisfy in order to qualify for this coverage. One of the requirements for able-bodied individuals involves working at least 20 hours or more per week.
However, when you retire, you cannot work that much and still collect your Social Security benefits. If you work and make over a certain amount of money, you could lose your benefits.
Rather than lose both you Social Security and your medical card, you can figure out a way to keep both. You can start by consulting with advisors who specialize in Medicaid protection in Peoria, AZ, for people in your age group.
Notifying the State
Part of protecting your medical card involves notifying the state of your upcoming retirement. State auditors must be made aware that you are at or near the age for retiring and no longer working. They can then make a note on your account and understand why you are not working at least 20 hours a week.
Another alternative involves notifying Social Security of your requirement to work at least 20 hours to keep your insurance coverage. Social Security may be able to make an allowance for this employment so that you can keep using Medicaid rather than Medicare.
You do not have to answer these complex dilemmas on your own. A retirement benefits advisor is on hand to guide you in making the best decision for your insurance and income.
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