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Medical Assistance (MA), medical coverage for low income.#Medical #coverage #for #low #income

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Medical Assistance (MA)

Sometimes laws require agencies to recover costs the MA program pays for members.

Learn more about the estate recovery program.

Program info

Medical Assistance (MA) is Minnesota’s Medicaid program for people with low income.

Most people who have MA get health care through health plans. You can choose a health plan from those serving MA members in your county.

Members who do not get health care through a health plan get care on a fee-for-service basis, with providers billing the state directly for services they provide.

MA is Minnesota’s largest health care program and serves children and families, pregnant women, adults without children, seniors and people who are blind or have a disability.

The information on these pages does not cover all program rules. To find out if you qualify, you must apply.

Find answers to other common questions not addressed on this page in our FAQs about MA.


To get coverage, you must:

  • Be a Minnesota resident
  • Be a U.S. citizen or a qualifying noncitizen
  • Provide a Social Security number for each person requesting MA, unless an exception is met
  • Meet the income limit and asset limit, if any
  • Meet any other program rules.

What is the income limit?

Some people who do not meet the income limit still may qualify using a spenddown (PDF). A spenddown is like an insurance deductible. This means you are responsible for some medical bills before MA pays.

What is the asset limit?

  • Generally, there is no asset limit for MA for parents, children under 21 and adults without children in the home.
  • Parents and caretaker relatives eligible for MA with a spenddown have an asset limit (PDF).
  • Seniors and people age 21 and older who are blind or have a disability have an asset limit (PDF).

Assets that do not count toward the limit include the home where you live, household goods, personal items like clothing and jewelry, and certain assets owned by an American Indian.

What if I have other insurance?

Sometimes we can pay the cost of the other insurance so you can keep that coverage.


What is covered and how much does it cost?

For some members, there is no cost. Others may have to pay a portion of the cost of a service. This may include copays, deductibles or spenddowns.

You will get more details on covered services after your application is approved.

When does coverage start?


There are different ways to apply for MA, depending on what type of coverage you need.

PA DHS – Medical Assistance General Eligibility Requirements, medical coverage for low income.#Medical #coverage #for

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General Eligibility Requirements

You must meet income, resource (in some cases), and other eligibility requirements in order to be eligible for Medical Assistance. These categories are grouped by:

  • Adults age 19-64 with incomes at or below 133% of the Federal Income Poverty Guidelines (FPIG) (Identified for Medical Assistance purposes as MAGI-related)
  • Individuals who are aged (age 65 and older), blind and disabled. (Identified for Medical Assistance purposes as SSI-related)
  • Families with children under age 21
  • Special Medical Assistance conditions

Medical Assistance eligibility is determined using income and household size in comparison to income limits. Age and disability are also factors in determining which income limits apply. (Income limits for the various eligibility groups are listed below.)

Examples of income counted in determining eligibility include:

  • Wages (certain deductions are allowed)
  • Interest
  • Dividends
  • Social Security
  • Veterans’ Benefits (except for MAGI MA)
  • Pensions
  • Spouse’s income if living with him/her

Examples of income not counted when determining eligibility include:

  • Temporary Assistance for Needy Families (TANF) benefits
  • Supplemental Security Income (SSI)
  • Supplemental Nutrition Assistance Program (SNAP) benefits
  • Low Income Home Energy Assistance Program (LIHEAP) benefits
  • Foster Care payments
  • Certain housing or utility subsidies
  • Weatherization Payments
  • Child Support Payments (only for MAGI MA)

The income limits for each category are provided in the section for that category.

Medical Assistance eligibility for some is also determined using resource and household size in comparison to resource limits. (Resource limits for the various eligibility groups are listed below or in the section for that category.)

NOTE: Resource limits do not apply to persons eligible for – Modified Adjusted Gross Income (MAGI) MA, pregnant women, families with children in the household – under their care and control, and those under the age of 21.

Examples of resources counted in determining eligibility include:

  • Cash
  • Checking accounts
  • Savings accounts and certificates
  • Christmas or vacation clubs
  • Stocks and bonds
  • Some trust funds
  • Life insurance
  • Vehicles
  • Revocable burial funds
  • Non-resident property

Examples of resources not counted in determining eligibility include:

  • Your home
  • Revocable and irrevocable burial reserves subject to specified limits
  • Burial space and marker
  • One motor vehicle

Some Medical Assistance eligibility groups have resource limits. The charts below provides specific details:

Non-Money Payment (NMP) Medical Assistance

Free Tax Return Preparation for You by Volunteers, Internal Revenue Service, income tax software for

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Free Tax Return Preparation for Qualifying Taxpayers

The Volunteer Income Tax Assistance (VITA) program offers free tax help to people who generally make $54,000 or less, persons with disabilities and limited English speaking taxpayers who need assistance in preparing their own tax returns. IRS-certified volunteers provide free basic income tax return preparation with electronic filing to qualified individuals.

In addition to VITA, the Tax Counseling for the Elderly (TCE) program offers free tax help for all taxpayers, particularly those who are 60 years of age and older, specializing in questions about pensions and retirement-related issues unique to seniors. The IRS-certified volunteers who provide tax counseling are often retired individuals associated with non-profit organizations that receive grants from the IRS.

Before going to a VITA or TCE site, see Publication 3676-B for services provided and check out the What to Bring page to ensure you have all the required documents and information our volunteers will need to help you. *Note: available services can vary at each site due to the availability of volunteers certified with the tax law expertise required for your return.

Some VITA sites offer CAA service to taxpayers along with their VITA program.

Find a VITA or TCE Site Near You

VITA and TCE sites are generally located at community and neighborhood centers, libraries, schools, shopping malls and other convenient locations across the country. To locate the nearest VITA or TCE site near you, use the VITA Locator Tool or call 800-906-9887.

When looking for a TCE site keep in mind that a majority of the TCE sites are operated by the AARP Foundation’s Tax Aide program. To locate the nearest AARP TCE Tax-Aide site between January and April use the AARP Site Locator Tool or call 888-227-7669.

At select tax sites, taxpayers also have an option to prepare their own basic federal and state tax return for free using Web-based tax preparation software with an IRS-certified volunteer to help guide you through the process. This option is only available at locations that list “Self-Prep” in the site listing.

Professional Tax Preparation-Software Reviews-News, income tax software for tax preparers.#Income #tax #software #for #tax #preparers

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income tax software for tax preparers

CPA Practice Advisor, the source for news, software reviews, and best practices advice for members of the accounting profession, has launched a new weekly newsletter specifically directed at tax preparers.

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Stephen Colbert Goes Undercover As An H for Small Firms – 1hr Free CPE

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When I Grow Up, I want to be a Tax Accountant

HD Vest Partners with Drake for New Client Service Options for Tax Pros

Using HD Vest’s services in combination with Drake’s tax preparation software, Drake Tax, provides an additional source of client and recruitment leads for advisors and tax professionals, giving an opportunity for them to save time and optimize their .

AICPA Welcomes Senate Tax Reform Plan

The AICPA president acknowledged the work of Senate Finance Chairman Orrin Hatch (R-Utah) and House Ways and Means Committee Chairman Kevin Brady (R-Tex.) and their respective committees. He noted that in the last five years the AICPA has provided.

Thomson Reuters Announces Finalists of Fourth Annual Tax Technology Awards

Thomson Reuters has announced the winners of the fourth annual Taxologist Awards, a program that recognizes exceptional tax departments and professionals who have added significant value to their organizations by embracing tax technology.

Avalara CRUSH Heads to Washington, D.C. in May 2018

Now in its third year, Avalara s CRUSH event is the premiere event for transaction tax professionals. And we re back: over two days in May, Avalara will bring together expert practitioners across the accounting industry to discuss a shared vision.

The Classification of Bitcoin and Cryptocurrency by the IRS

IRS guidance is silent on which section of the tax code cryptocurrency falls into. For instance, IRC 1031 allows for the like-kind exchange of certain property. 1031 exchanges typically are done with real estate or business assets. However, with the.

AICPA Bestows Highest Taxation Award to Deborah Walker, CPA, MBA

In addition, to her work with Cherry Bekaert LLP, Walker edits for Bloomberg BNA, focusing on the Compensation Planning Tax Management Portfolios, a part of Bloomberg BNA s Tax and Accounting Center, and consults with other clients, including .

Tax Tips for Military Families

Among the many challenges faced by military families are tax complications arising from the unique demands of military service. Frequent moves, serving in combat zones and service-related disabilities are just a few aspects of military service that .

How to Get Ready for 2018 Income Tax Season and Get a Fast Refund

The IRS urges all taxpayers to file a complete and accurate tax return by making sure they have all the documents before they file their return, including their 2016 tax return. This includes Forms W-2 from employers, Forms 1099 from banks and other .

Man Gets Prison for Beating Wife’s Employer Over Income Tax Withholding

An Albuquerque man has been sentenced to one year in jail, with possible release to an ankle monitor, for his 2016 beating of two of his wife’s employers who he said cheated her on taxes and then called him a racial slur.

How the Digital Revolution Is Changing the Sales and Use Tax Landscape

Recently, tax authorities have begun a wholesale shift in indirect tax compliance to enhance their collections and audit processes.

Vegas Strip Club Owner Gets Prison for Evading $1.7M Employment Taxes

The former owner of the Crazy Horse Too strip club will serve two years in prison for evading to pay more than $1.7 million in employment taxes, the Office of the U.S. Attorney for the District of Nevada has announced.

California Homeowners Could Get Tax Break for Capturing Backyard Rainwater

California homeowners could see savings up to a couple hundred dollars a year off their property tax bill, depending on the type of capture system they install, Glazer s office said.

Medicare Trap Could Cost Thousands in Taxes

Companies favor high-deductible health plans coupled with HSAs because they tend to charge lower premiums, which help workers and employers alike. The higher deductibles reduce risk to the employer, albeit by shifting it to the worker. For those and .

AICPA Urges Simplification of Income Taxes

The proliferation of new income tax provisions since the 1986 tax reform effort has led to compliance hurdles for taxpayers, administrative complexity for CPAs and enforcement challenges for the Internal Revenue Service, Edward S. Karl, AICPA vice .

Could Trump Face Tax Evasion Charges? Mueller Likely Has Trump Tax Returns

Newly released financial documents about offshore account holdings by many of the world’s elite has amplified calls for Trump to publicly release his income tax returns. The Paradise Papers, named so because they emerged from an off-shore law firm .

Excise Tax Could Pose Problem for Tax Reform

Companies can sell a good or service to a foreign affiliate at an inflated price, then deduct the cost on their U.S. taxes. The maneuver has the effect of shifting profits overseas, where they often are taxed at a lower rate.

10 Million U.S. Taxpayers Faced IRS Penalties in 2016

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Examining the GOP Tax Reform Proposal

The current graduated seven-bracket structure would be reduced to four rates of 12%, 25%, 35% and 39.6%. The previous plan was based on only three brackets with a top rate of 35% and didn t specify income amounts. Thus, this new plans preserves the .

New Tax Reform Plan Cuts Corporate Tax Rate, Eliminates AMT and Estate Tax, Changes Brackets

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Will 2018 Income Tax Refunds Be Delayed Again? EITC and ACTC Credits

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2018 Federal Income Tax Refund Schedule – IRS Tax Day is April 17, 2018

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Income Tax Penalties Can Add Up

The amount of the penalty is based on when you file the correct information return or furnish the correct payee statement. The penalty for not filing a correct information return is separate from the penalty for not providing the correct payee statement.

Do Republicans Face a Catch 22 on Tax Reform and Deficits?

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Free Business Tax Video for Firms to Use on Website, Social Media or Newsletters

Recent studies show that videos are dominating online activity, with 78 percent of people watching videos online every week and 55 percent watching videos online daily. TaxVid makes it affordable for tax firms of all sizes to keep up with internet .

Time to Renew PTINs

Anyone who prepares or helps prepare any federal tax return, or claim for refund for compensation must have a valid PTIN from the IRS. The PTIN must be used as the identifying number on returns prepared. Failure to have and use a valid PTIN may .

Professional Tax Software for Preparers: UltraTax CS – Thomson Reuters Tax – Accounting, income tax

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UltraTax CS Professional Tax Software for Preparers

As a tax professional, your world is always changing. From hundreds of tax law revisions each year to increasing client demands, you can’t afford to lose billable time with manual processing. UltraTax CS professional tax software for preparers is designed for tax professionals like you and filled with timesaving tools to ease your tax preparation process and add value for your clients. You can enjoy a full line of federal, state and local tax programs with UltraTax CS — including 1040 individual, 1120 corporate, 1065 partnership, 1041 estates and trusts, multi-state returns and more!

By reducing manual work with UltraTax CS professional tax preparation software, you can do more client returns in less time — without adding staff.

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When you use our document management and workpaper management solutions along with our Source Document Processing functionality, you can automatically label and organize your client source documents, making them much easier to locate and identify in your electronic files.

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You can also automatically extract data from the processed source documents for direct transfer into client tax returns in UltraTax CS professional tax preparation software, dramatically reducing data entry.

Convenient and secure eSignature option

With eSignature, you’ll save time and money, reduce IRS hassles and more. You and your clients can enjoy a convenient, secure and efficient way to electronically sign tax documents with this fee-based feature of UltraTax CS. Plus, fees are only assessed upon successful completion of eSignatures for all parties.

Flexible hosted solutions for your professional tax preparation software

Because your firm has its own unique needs, we offer a variety of professional tax preparation software delivery and hosting options. Don’t just meet your clients’ expectations — exceed them by focusing on what your clients need today and in the future. Whether you prefer web-hosted cloud computing or the more traditional local software installation configuration, you’ll find it in the CS Professional Suite.

Full integration with CS Professional Suite software

UltraTax CS integrates with CS Professional Suite, Thomson Reuters Onvio ™ cloud software for accountants and tax professionals, and other Thomson Reuters products (such as Checkpoint ® research and guidance solutions).

Onvio Client Center

You and your individual and business clients can enjoy online accounts that offer an ultra-convenient way to access tax documents with Onvio Client Center and mobile apps. And when Onvio Client Center combines with Onvio Documents, you’ll enjoy a secure online hub for communication between your staff and clients.

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Complete Returns Faster

Find out how you can complete returns faster and more efficiently, ensure accuracy and add value for your clients with UltraTax CS tax software for preparers.

Maximize Your Firm’s Efficiency with a Tax Workflow Assessment

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This white paper will show you how to identify daily workflow inefficiencies, collaborate more effectively with everyone in your firm, and better prepare for tax season challenges while you have time to impact change.

It’s All in the Family

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UltraTax CS Professional Tax Software Receives High Ratings

UltraTax CS was ranked among the highest for overall satisfaction in the 2016 tax software survey conducted by The Tax Adviser and Journal of Accountancy.

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Investing for Income, investing for income.#Investing #for #income

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Investing for Income

Investing for income means investing in stocks that will provide you with regular money payments (dividends). Income stocks may not offer stellar growth, but they re good for a steady infusion of money. What type of person is best suited to income stocks?

  • Conservative and novice investors: These investors like to see a slow-but-steady approach to growing their money while getting regular dividend checks. Novice investors who want to start slowly also benefit from income stocks.
  • Retirees: Growth investing is best suited for long-term needs, while income investing is best suited to current needs. Retirees may want some growth in their portfolios, but they re more concerned with regular income that can keep pace with inflation.
  • Dividend reinvestment plan (DRP) investors: A DRP is a program that a company may offer to allow investors to accumulate more shares of its stock without paying commissions. For those who like to compound their money with DRPs, income stocks are perfect.

Income stocks tend to be found in industries with established cash flows and less emphasis on financing or creating new products and services. When you start searching for a great income stock, look at utilities and real estate trusts for high-dividend stocks.

You won t find too many dividend-paying income stocks in the computer or biotech industries because these types of companies need a lot of money to finance research and development projects to stay ahead of the curve.


Utilities generate a large cash flow, which includes money from income (sales of products and services) and other items (such as the selling of equipment). This cash flow covers things such as expenses, including dividends. Utilities are considered the most common type of income stocks, and many investors have at least one in their portfolios.

Real estate investment trusts (REITs)

Real estate investment trusts (REITs) are a special breed of stock. A REIT has the elements of both a stock and a mutual fund. It s like a stock because it s a company that is publicly traded on the major stock exchanges, and it has the usual features that you expect from a stock it can be bought and sold easily through a broker, income is given to investors as dividends, and so on. A REIT resembles a mutual fund because it doesn t make its money by selling goods and services; it makes its money by buying, selling, and managing an investment portfolio full of real estate investments. It generates revenue from rents and property leases. In addition, some REITs own mortgages, and they gain income from the interest.

REITs are called trusts because they meet the requirements of the Real Estate Investment Trust Act of 1960. This act exempts REITs from corporate income tax and capital gains taxes as long as they meet certain criteria, such as dispensing 95 percent of their net income to shareholders. This provision is the reason REITs generally issue generous dividends. Beyond this status, REITs are, in a practical sense, like any other publicly traded company.

Life Insurance: Policies – Quotes: Farmers Insurance, what is life insurance for.#What #is #life #insurance

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Life Insurance

There’s nothing more important than family, and for more than 100 years, customers have turned to Farmers New World Life Insurance Company to help protect the financial security of their loved ones.

Getting Started With Life Insurance

Life insurance is a great way to help prepare for life s unexpected moments. Like most of us, you probably worry about the future. Can we pay off the house? Will my kids get a good education? Will they grow up healthy and happy?

With life insurance, you can know that no matter what tomorrow may bring, you can help support your family s financial future.

So, how do you get started?