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Share of Cost – What does Share of Cost Mean?

Wednesday, Feb. 21st 2024 10:18 AM

Share of Cost: Share of Cost is a program designed to help Californians. Californians with low income and resources pay for their medical expenses. The program is a part of Medi-Cal, California’s Medicaid program. The Share of Cost program requires recipients to pay a certain amount out of pocket for their monthly medical expenses before Medi-Cal begins to pay.

This amount is called “meeting your Share of Cost.” Your Share of Cost is calculated based on your income and expenses, a set amount you agree to pay monthly. Once you meet your Share of Cost for the month, Medi-Cal will pay for the rest of your medical expenses.

It is important to note that you only need to meet your Share of Cost in the months that you receive medical care. If you don’t receive medical care in a month, you won’t have to pay anything towards your Share of Cost.

The Share of Cost program can significantly help those who need medical care but can’t afford it. It allows them to get the care they need without worrying about the high medical expenses. If you are eligible for Medi-Cal, consider enrolling in the Share of Cost program to help manage your medical expenses.

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