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Medicaid long term benefits rules change again

12-8-2012 - Effective January 1, 2013, three eligibility criteria for Florida Medicaid long term care benefits will change:

Income: The Medicaid applicant's gross monthly income cannot exceed $2130.00 (up from $2094.00). If the applicant's income exceeds that level, a qualified income trust, composed solely of the applicant's income, must be established in order to qualify for eligibility. 

Assets: The Medicaid applicant's well ("community") spouse may retain up to $115,920.00 in assets plus exempt, non-available and income-producing assets.  (up from $113,640.00)

Homestead: Homestead is an exempt asset if the equity in the house is $536,000 or less (up from $525,000).

More information on qualifying for Florida Medicaid long term care benefits.

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