True or False: Modified Adjusted Gross Income (MAGI) is not used to determine eligibility for Family Medicaid and PeachCare for Kids®.

Modified Adjusted Gross Income (MAGI) is indeed used to determine eligibility for Family Medicaid and PeachCare for Kids® in Georgia. MAGI provides a standardized way to assess someone's financial situation, allowing for consistent eligibility determinations across various programs. Under the Affordable Care Act, MAGI combines an individual's adjusted gross income with certain non-taxable income sources, which helps in evaluating eligibility for Medicaid and Children’s Health Insurance Program (CHIP), which includes PeachCare for Kids®.

Both Family Medicaid and PeachCare for Kids® utilize MAGI to ensure that the income criteria align with federal and state guidelines, facilitating access to healthcare for low-income families and children. This approach streamlines the process for applicants and reduces discrepancies in financial assessments. Understanding the significance of MAGI can help applicants accurately determine their eligibility and access critical healthcare services.