There are several general requirements for determining an applicant’s Florida Nursing Home Medicaid eligibility. In order to be eligible for Florida Medicaid ICP Benefits, the applicant must meet all of the following general requirements:
- 65 years of age, blind or disabled.
- U.S. citizen or qualified alien.
- Florida Resident.
- An asset limit of $2,000, or $5,000 (if the applicant’s gross income is less than $872 per month). The community spouse may keep up to $119,220 of assets.
- Monthly gross income must not exceed the Florida State Income Standard (currently $2,199 as of January 2016). However, only the income of the individual residing in the nursing home is counted. If the individual’s monthly gross income exceeds this limit, it is possible to establish an Income Trust to become eligible.
Require institutional care as determined by the Florida Department of Elder Affairs CARES field office, and be placed in a Medicaid-certified facility with the capacity to provide the level of care as needed.
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Florida Nursing Home Medicaid Eligibility
The Medicaid is a comprehensive healthcare program that is intended for individuals with low income. In this article, we will focus on the Florida nursing home Medicaid eligibility and on their long-term care. The Medicaid eligibility in Florida is entirely based on the income and the asset of the applicant and the income and asset of their spouse. In case the applicant and the spouse have exceeded the required asset, there are legal methods that will help the applicant to become eligible without the need to spend their fund for nursing home.
Quick Overview of Florida Nursing Home Medicaid Eligibility
Here is a quick summary of the Florida nursing home Medicaid eligibility. This will help you navigate around the system and complete the application process with ease.
The applicant of the Florida nursing home Medicaid eligibility should be a resident alien or citizen of the USA. They should be cognitively or physically impaired that require the immediate attention of nursing home. The individual’s medical needs should also require placement on the nursing home.
The gross income of the applicant per month should not exceed an amount of $2,250. In the event that the income of the applicant goes beyond that amount, the applicant should establish an income trust in order to be eligible with the Florida nursing home Medicaid eligibility program. With regards to the spouse of the applicant, there is no specified gross income per month. On the off chance that the income of the spouse is below $2,030, the applicant can divert a portion of their income on their spouse.
According to the Florida nursing home Medicaid eligibility, the applicant should not possess a countable asset that will exceed a value of $2,000. The spouse of the Medicaid applicant will be able to retain a total of $123,600 in total asset value. Under the Florida Medicaid program, there are different types of asset stated; it can be countable, non-available, and exempt assets.
The countable assets are the assets that are available to the spouse and the applicant. Non-available assets are income-producing assets such as your rental properties. Exempt assets will not be counted when determining Florida nursing home Medicaid eligibility. This may include homestead, motor vehicle, personal property, life insurance, burial plans, and others. Non-saleable assets are also excluded such as jewelry, clothing, furniture, and household furnishing.
Annuities are also categorized as asset unless if it is annuitized. The spouse and the applicants are required to disclose the information on the State of Florida about the interest they possess with their annuities. Since the Florida nursing home Medicaid eligibility is heavily based on the income and asset of the applicant and their spouse, it is considered to be an income-cap state. Non-income cap will allow the applicant to spend their personal money for their nursing home care. There are two types of Medicaid offered in Florida, the ICP (Institutional Care Program) and Meds-AD which is intended for the disabled and aged.
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