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What Is Medicaid?

By Robin Hartill, CFPUpdated Nov 19, 2024 at 1:00 PM

Key Points

  • Medicaid provides low-cost healthcare, adjusting coverage and eligibility by state.
  • Qualifying for Medicaid hinges on income, residency, and asset limits.
  • Mismanagement of assets prior to application can disqualify you from Medicaid.

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