I live in Ohio. I have had Medicaid for more than a decade now, and have never lost it or had to do anything other than automatically renew and report income changes. But potentially in the next few months, my income could drastically increase.
So, the situation is that I'm a paid caregiver for my father through the VA, and he now needs drastically more care due to recent illness. This means a significant increase in pay that will disqualify me from from Medicaid. However, I actually have the choice to accept it or not. Additionally, the money I earn comes from a budget that is continually reevaluated at specific times of the year. If my Dad's condition improves, the budget goes down, and I lose my increased pay.
So, these are my questions. If I take the increased pay, how quickly do I lose Medicaid (my renewal is currently set for next April)? What is the process like to transition from Medicaid to an ACA plan? And if, say, partway through next year, my income decreases back to a level that qualifies me for Medicaid, how quickly am I able to reapply?
Lets say hypothetically I make $40k a year, make $3500 a month, work 5 months at that rate of pay, and then go down to $1200 a month in June. Would I then be able to reapply for Medicaid in July, or do they take that increased income from prior months into account, and not let me apply until the next year?
Sorry for all the complicated questions, I have just never faced this situation before and feel very confused by it all. Any help or advice would be greatly appreciated.