I had a recent income change while on Medicaid but forgot to report it promptly. Worried about potential penalties—like fines or coverage loss. Can someone explain what happens if Medicaid finds out? How do they typically handle late income reports? Is there a way to correct this without severe consequences? Any advice or experiences appreciated.
Failure to report changes can carry serious consequences when it comes to Medicaid benefits. The worst is that your Medicaid coverage may be terminated. On a fair ground, there could be fines, reimbursement to Medicaid for expenses paid, and even the possibility of prosecution.
It is crucial to promptly notify your state’s Medicaid agency of any changes in income or assets to avoid these negative outcomes.