But, for adults under 65 using the new Medicaid expansion coverage, the ACA killed asset tests
Prior to 2010, eight states and Washington, DC, had waived asset tests
, and Minnesota had set asset limits to be higher than the new federal minimum.
The results also indicate that eliminating asset tests
may increase the likelihood of receiving cancer screenings by helping low-income individuals remain enrolled in Medicaid.
1471-5T(e)(5)(i) (B)(1), an expanded affiliated group (EAG) will be a nonfinancial group if the EAG satisfies certain passive income and asset tests
(among other things).
The mid-Atlantic state has a state earned income tax credit; has eliminated asset tests
for welfare programs like Temporary Aid for Needy Families and the Supplemental Nutrition Assistance Program (food stamps); requires full-day kindergarten; and has a minimum wage higher than the federal level, among a variety of generally liberal policy measures CFED endorses.
The authors conclude that one-fourth to one-third of the increased take-up was the result of simplified enrollment and more relaxed asset tests
that were implemented during this period in an attempt to increase program participation among the working poor.
cost Illinois taxpayers nearly $1 million a year, Mullany said.
Use of credit agencies wedded to net tangible asset tests
undermines these very policies by disadvantaging asset-light Welsh companies with the ambition to borrow to invest in growth.
The House bill imposes tougher income and asset tests
that would cause an estimated 3 million low-income Americans to lose their food stamps.
Second, Medicaid has attempted to limit the abuse of the system by using increasingly stringent and comprehensive asset tests
to determine eligibility.
At least 35 states have eliminated asset tests
, four recently raised their minimums to $5,000 and 10 states--Alaska, Arkansas, Indiana, Kansas, Missouri, South Dakota, Tennessee, Utah, Virginia and Wyoming--have a low threshold of $2,000 in assets, according to the Pittsburgh Post-Gazette.
She also recommended that law-makers change policies to eliminate asset tests
when determining eligibility for some federal benefits.