Asset Building Program

Asset Building Program: All Related Content

Asset Building News Week, August 25-29

August 28, 2014
Publication Image The Asset Building News Week is a weekly Friday feature on The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include back to school, inequality, and assets.

Asset Building News Week, August 18-22

August 22, 2014
Publication Image The Asset Building News Week is a weekly Friday feature on The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include inequality, food security, savings, and employment.

Guest Post: How Much Would You Spend to Save $19 Million a Year?

August 21, 2014
Publication Image Editor's note: This op-ed was originally published in the San Jose Mercury News and is co-authored by Paul Tepper, Executive Director of the Western Center on Law and Poverty, and Paulina Gonzalez, Executive Director of the California Reinvestment Coalition.

California loses about $19 million a year from its public assistance programs to a surprising cost: ATM fees.
 
California's public assistance program, known as CalWORKs, provides job counseling, childcare, housing services, and modest cash grants to families with children. In fact, the average grant for one parent with two children is only $463 a month.

Asset Building News Week, August 11-15

August 15, 2014
Publication Image The Asset Building News Week is a weekly Friday feature on The Ladder, the Asset Building Program blog, designed to help readers keep up with news and developments in the asset building field. This week's topics include inequality, retirement, and housing.

The Affordable Care Act and Asset Limits: What’s Left Undone

August 12, 2014
Publication Image Editor’s Note: This blog post is the third and final installment in a series by Julianna Lord, Emerson National Hunger Fellow, looking at how the ACA has removed barriers and streamlined access to public assistance programs. Julianna’s previous posts are linked at the bottom of the page.

A bill is on the table in Missouri that would allow elderly and disabled residents to maintain a modest level of savings without sacrificing their health coverage. HB 1223 would increase the state’s Medicaid asset limits from $1,000 to $5,000 for individuals and from $5,000 to $10,000 for married couples. These asset limits have been in place since 1968 and have not been adjusted for inflation in the past 46 years.

So why are Missouri lawmakers pushing to change these asset limits now, especially as the state continues to resist expanding Medicaid? According to the Southeast Missourian, the issue of low asset limits has hit close to home for Senator Dan Brown (R- Rolla), whose 84-year-old father is currently spending down his savings to cover his medical expenses but has yet to fall within the $1000 limit that would enable him to apply for Medicaid. "I wish he could have a greater asset limit when it gets to that point," Brown said. "I personally would love to see it raised." Nearly 8200 disabled and elderly Missourians, including Brown’s father, would become newly eligible for Medicaid under the new limits.
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