How to be Eligible for Florida Medicaid with Real Estate Investment Income

Understanding how passive real estate income affects Medicaid eligibility proves crucial for Florida property investors seeking healthcare coverage. The Florida Agency for Health Care Administration sets specific guidelines for income and asset limits that determine eligibility. Income Considerations The Florida Department of Children and Families evaluates all sources of income when determining Medicaid eligibility. For…

10 FAQs on Medicaid for Seniors in Florida

Medicaid for seniors serves as a crucial medical and long-term care insurance program for residents of Florida with limited assets and income. In this FAQ guide, we’ll delve into the specifics of Medicaid eligibility for seniors in the State of Florida, covering various aspects from house ownership to income thresholds. 1. Which seniors are eligible…

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Strategies for Selling a House While on Medicaid

Many Florida Medicaid recipients are faced with the complexities of selling a house while on Medicaid benefits. Often, a Medicaid recipient may need to sell a house because they do not have the money to pay for its upkeep, property taxes or other real estate-related costs. However, remaining financially eligible for Medicaid after receiving the…

Florida Medicaid Benefits

Medicaid in Florida provides manifold benefits to those who are eligible. In many cases, such as with long-term care, it can be difficult to become eligible for Medicaid benefits if you have assets or income over a certain limit. Because these limits are low, many are not eligible. However, working with an elder law attorney…

Qualifying for Medicaid in Florida (5 factors)

Medicaid is a joint federal and state program that provides free or low-cost health coverage to millions of Americans, including some low-income people, families and children, pregnant women, the elderly, and people with disabilities. Qualifying for Medicaid in Florida can be a challenge for some. For elderly applicants who qualify for Medicare, typically people aged 65…

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Qualifying for Florida Medicaid Despite Higher Income and Assets Over the Limit

Medicaid is a robust state-sponsored insurance program that can pay for long-term care in nursing facilities, at-home care and certain medical expenses. Medicaid is generally intended for applicants with low or no income and assets. In Florida, Medicaid applicants in 2022 are required to make less than $2,523.00 in gross income, with some deductions considered,…

Medicaid Eligibility Activities of Daily Living (ADLs)

For Medicaid eligibility, there are a set number of activities that the program takes into consideration when determining whether to approve an applicants request for coverage. These are in addition to Medicaid means testing in which the program reviews assets and income to determine Medicaid eligibility. Activities of Daily Living (ADLs) for Medicaid Eligibility …

Medicaid Planning Facts

Medicaid Planning – Florida Medicaid is the state and federal partnership that provides health coverage for selected categories of people, including the elderly, in Florida. Because having low income and virtually no assets is an eligibility requirement, one of the most complex areas of estate planning involves preparing someone with significant income and assets for…

Qualified Income Trusts (A Medicaid Solution for Florida Residents)

Long-term care for seniors delivered in a nursing home setting can be prohibitively expensive for most people. Still, some 70% of those over 65 are expected to need long-term care with 20% of seniors likely to require it for five or more years. Medicaid provides financial assistance to those requiring long-term care and qualified income…

Navigating Medicaid Means Testing

By most people’s standards, a nursing home can be very expensive. It is not unusual to pay anywhere between $5,000 and $10,000 a month to a facility for an individual (or double that cost for a couple). Medicaid means testing ensures that the people who have the greatest financial need for coverage receive Medicaid benefits….