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Thread: Will spouse savings account affect my medicare

  1. #1
    Senior Member Buffie's Avatar
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    Will spouse savings account affect my medicare

    I got married a month ago and was wondering how my spouse savings account will affect me. I know that I can't have more than $2000 in savings, but if he has more than that, will it cause me to be penalized by medicare. If so, how can you save any money. My husband is retired military, so I will have tri-care and medicare. We won't have private insurance in which it won't matter how much money we save. So I'm kinda stuck trying to figure out a way to save other than sticking money under the mattress.
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  2. #2
    Far as I know, only earned income affects your Medicare.
    Tom

    "Blessed are the pessimists, for they hath made backups." Exasperated 20:12

  3. #3
    Senior Member flicka's Avatar
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    Quote Originally Posted by Buffie View Post
    I know that I can't have more than $2000 in savings, but if he has more than that, will it cause me to be penalized by medicare.
    Medicare should not be affected by saving accounts in the least. Are you sure you receive straight medicare?
    ____________________

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  4. #4
    Are you confusing Medicare and Medicaid?

    There is no income or asset limit for Medicare, but there is for Medicaid, and yes, your spouse's income and assets are included in your family income and assets for determining Medicaid. Something that you should have checked on before getting married!

    (KLD)

  5. #5
    Senior Member Buffie's Avatar
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    I guess I should have checked before I got married, but I was told this by someone else and just believed what I was told.
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    C4/5 functioning on a C6 level, use of left hand, no triceps

  6. #6
    Senior Member skippy13's Avatar
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    Congratulations on your marriage! How wonderful for you.

    If you have any questions you should call the Medicare for the right answers. Be sure to log the call, get the persons name and take notes during the call.
    Anything worth doing, is worth doing to excess

  7. #7
    Senior Member Buffie's Avatar
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    Thank you skippy13. I called and the guy I spoke with couldn't tell me anything.
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    C4/5 functioning on a C6 level, use of left hand, no triceps

  8. #8
    Senior Member rdf's Avatar
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    Buffie, congrats. Now, do you have Medicare or Medicaid? Or both? MediCARE will not be impacted at all because you're married. You could have a million bucks in the bank, and you would still get your MediCARE.

    MediCAID is different, and has the $2000 asset limit you spoke of. Good luck!
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  9. #9
    Senior Member jschism's Avatar
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    Not good for either, another reason to NOT get married. depends what you are getting from medicare, all it really covers if you go into hospital(hopefully doesn't happen), you pretty much have to be broke to get prescription coverage. medicare really doesn't do any good otherwise, only good it does is allow a person to get an hmo without being denied 2 yrs. after your first SS disability check(you're basically screwed for 2 1/2 yrs. if cannot get medicaid). Barak did NOTHING to improve the system for the average person, just lets those who live off the system get even more.

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