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Medicaid long-term benefits rules change

12-2-2014 - Effective January 1, 2015, several Florida Medicaid rules for long-term care benefits will change as follows:

Income: The Medicaid applicant's gross monthly income cannot exceed $2,199 (up from $2,163). 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 $119,220 in assets plus exempt, non-available and income-producing assets  (up from $117,240).

Homestead: Although the homestead is considered an exempt asset, applicants are not eligible if their equity interest exceeds $552,000 (up from $543,000)

Look-Back: Effective January 1, 2015, there is a FIVE year look-back for all uncompensated transfers.

More information on Florida Medicaid long term care benefits.

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