Monthly Printouts- Why You Get Them and When to Expect Them
The monthly printout, also known as a quickreport is an important tool for clients. The monthly printout keeps track of what a person’s current balance is as well as keeping track of what bills and deposits have been paid. In addition, there are certain qualifications for Medicaid eligibility which affects how much money one is allowed to have. If a client is currently a Medicaid recipient and receives SSI/SSDI benefits, it is important that the account balance does not exceed $1500.00, unless there is a Buy-In program involved. This is different from Social Security requirement that a person cannot have more than $2000.00 in assets and still receive SSI benefits.
By receiving the monthly printout, clients and providers will be able to determine if money needs to be spent. PayCo sends these reports on or around the 20th of each month.
The monthly printout, also known as a quickreport is an important tool for clients. The monthly printout keeps track of what a person’s current balance is as well as keeping track of what bills and deposits have been paid. In addition, there are certain qualifications for Medicaid eligibility which affects how much money one is allowed to have. If a client is currently a Medicaid recipient and receives SSI/SSDI benefits, it is important that the account balance does not exceed $1500.00, unless there is a Buy-In program involved. This is different from Social Security requirement that a person cannot have more than $2000.00 in assets and still receive SSI benefits.
By receiving the monthly printout, clients and providers will be able to determine if money needs to be spent. PayCo sends these reports on or around the 20th of each month.
| Monthly printouts, why you get them, and what to expect |
