the information you've been given is inaccurate. new york is one of about half of all states expanding its medicaid program under the affordable care act. if your yearly gross income is no more than about $15 856 you could qualify for the program. whereas prior to the law taking affect your investments played a role in whether or not you were eligible for medicaid under the health reform law that's no longer the case. it's your annual household income -- not your assets -- that dictate whether you're eligible for financial assistance and how much. i recommend you go through new york's health insurance exchange and speak with someone there about your eligibility and get some help signing up. here's the link to the exchange: <link>
my income is too low to qualify for the exchanges but ny says my retirement savings disqualify me for medicaid. i'm under 65 years of age and work part time. my income is too low to qualify for the exchanges so i'm being told i should go on my state's expanded medicaid plan. new york state tells me my retirement savings mean i don't qualify for medicaid. this means i have too little income to afford insurance under the affordable care act though i was able to buy affordable insurance under the old new york plan. . is it possible i'm getting bad information on my savings disqualifying me for medicaid?