Q) $24600 a year disability $2050 per month… cobra $1300.00 a. month from work for me and wife.. house payment $900.00 and all utilities.. I will.be in bad shape soon.. wife does not work takes care of me. .she is a CNA
A) understand that you are in a difficult financial situation. Your income is below the poverty line, and your expenses are high. You are also facing the added expense of Cobra health insurance, which is costing you $1,300 per month.
I am not a financial advisor, but I can offer some suggestions that may help you improve your financial situation.
- Apply for government assistance. There are a number of government programs that can help people with low incomes, including Medicaid, food stamps, and housing assistance. You can find more information about government assistance programs on the website of the United States Department of Health and Human Services.
- Reduce your expenses. There are a number of ways to reduce your expenses, such as cutting back on unnecessary spending, finding cheaper housing, and getting a roommate. You can find more tips on how to reduce your expenses on the website of the National Foundation for Credit Counseling.
- Increase your income. There are a number of ways to increase your income, such as getting a part-time job, starting a side hustle, or selling unwanted items. You can find more tips on how to increase your income on the website of the U.S. Small Business Administration.
I hope these suggestions are helpful. Please let me know if you have any other questions.
You may qualify for free or low-cost care through Medicaid based on income and family size. Some states have expanded Medicaid to cover more people because of the Affordable Care Act.
In all states, Medicaid provides health coverage for some low-income people, families and children, pregnant women, the elderly, and people with disabilities. In some states the program covers all low-income adults below a certain income level. https://www.hhs.gov/answers/medicare-and-medicaid/who-is-eligible-for-medicaid/index.html
First, find out if your state is expanding Medicaid and learn what that means for you.
If your state is expanding Medicaid, use this chart to see what you may qualify for based on your income and family size.
Even if you were told you didn’t qualify for Medicaid in the past, you may qualify under the new rules. You can see if you qualify for Medicaid 2 ways:
Visit your state’s Medicaid website. Use the drop-down menu at the top of this page to pick your state. You can apply right now and find out if you qualify. If you qualify, coverage can begin immediately.
Fill out an application in the Health Insurance Marketplace. When you finish the application, we’ll tell you which programs you and your family qualify for. If it looks like anyone is eligible for Medicaid and/or CHIP, we’ll let the state agency know so you can enroll.