Florida Elder Law & Estate Planning Blog
Medicaid Eligibility Rules Have Changed
January 1, 2020
Florida Medicaid has revised several eligibility criteria that must be met to receive benefits for long-term nursing home care. These changes went into effect on January 1, 2020.
The Medicaid applicant’s gross monthly income cannot exceed $2,349 per month (was $2,313). However, the establishment of a Qualified Income Trust may allow an applicant to still receive benefits. For more information about the Qualified Income Trust, click here.
The Medicaid applicant’s well spouse may retain $128,580 in assets, plus exempt, non-available and income-producing assets (was $126,420).
The applicant’s homestead is considered an exempt asset if the equity in the home is below $595,000 (was $585,000).
For more information on Medicaid eligibility criteria, click here.