More questions- I've got a million of 'em

[keepsmiling]

We are currently without health insurance. I know, I know. Gave it up at the same time as the cc's, the price went up to 1400/mo for dh and me and just couldn't do it anymore, we are almost completely wiped out. We are hoping to be able to get onto the state plan-- have to go without for 3 months to qualify, not sure we will make it since our illustrious gov dropped the max income to qualify...it's a tough state. Talk about a rock and a hard place-- can't decide what to wish for, to make too much or too little.

Been told that there is such a thing as emergency Medicare- does anyone know anything about that? I have a few grand in bonds that keep me from being eligible for the regular charity medical care. Holding onto them for the most dire emergency....and cashing them in would screw me for the state plan.

We are obviously in a very difficult position. Next question-- if we can manage to squeeze out enough for a high deductible plan (700+/mo)-- would we be able to exempt an HSA? We have a few grand in an IRA that loses money every year, and my understanding is that we can do a one-time switch of it into an HSA.

Also- is there such a thing as making too little for a Ch 7?

[ccsjoe]

I don't know about switching an IRA to an HSA, I do know that there are line items specifically for HSA's on the forms. debee has done aresearch on that one and can probably provide further detail if needed.

As to your second question, no, there is no such thing as making too little (I assume you mean income) for a 7. There is however a problem of a 7 not resolving your cash flow situation, but that's a separate matter.

[tobee43]

We are currently without health insurance. I know, I know. Gave it up at the same time as the cc's, the price went up to 1400/mo for dh and me and just couldn't do it anymore, we are almost completely wiped out. We are hoping to be able to get onto the state plan-- have to go without for 3 months to qualify, not sure we will make it since our illustrious gov dropped the max income to qualify...it's a tough state. Talk about a rock and a hard place-- can't decide what to wish for, to make too much or too little.

Been told that there is such a thing as emergency Medicare- does anyone know anything about that? I have a few grand in bonds that keep me from being eligible for the regular charity medical care. Holding onto them for the most dire emergency....and cashing them in would screw me for the state plan.

We are obviously in a very difficult position. Next question-- if we can manage to squeeze out enough for a high deductible plan (700+/mo)-- would we be able to exempt an HSA? We have a few grand in an IRA that loses money every year, and my understanding is that we can do a one-time switch of it into an HSA.

Also- is there such a thing as making too little for a Ch 7?

ahhhh....keepsmiling...i know it's hard, but your going to get through this one...

ok...first...you AID the poor and CARE for the elderly...so i'm assuming, and please correct, if i'm wrong...that your speaking about NJ medcaid...unless you are over 65 you will not qualify for medicare.

now....if you need medical, what i would do is go to the local er....and make certain you have listed them as an "unknown" amount creditor...however, remember...these charges can only be applied to your prior actual filing date.

really...since nj is SO MESSED up (maybe debee can give you some insight as to how the switch from the IRA to the HSA would effect you federally), however, nj...has some odd tax laws themselves...so i would really check with your accountant...or an accountant to see IF you can do that without any penalties.

AND......even IF you had penalties and cashed in your ira...you would have to pay the tax...however, if you are already in a low income situation, that penalty is added into your gross income and taxed accordingly....so really you should be fine. the ONLY question may be...from the trustee is you cashed in your IRA where did you spend it...show me receipts etc....so just proceed causiously.

the county you live in has many excellent bk attys since that county is where the "court" house is for almost half the state!!! i would look for someone that practices in that area...don't go to morris like we did...first they were way too expensive...i think where you are located you have a better chance of finding someone that will suit your needs....KEEP calling pursuing!

i know it's hard, this is not an easy path...but you can do this...you just need to find the right atty to work with you...you can...just get on THAT phone!!