Florida Medicaid Key Figures - 2009

In response to my post NJ Medicaid Key Figures - Starting July 2009 I received 2 questions if it was "better" to move to Florida for Medicaid purposes.  Not being a Florida practitioner, I cannot really compare Medicaid rules in the two states.  Note the Medicaid is federal law - so while it is implemented on a State by State level, the overarching rules are the same for everybody.  What I can do is give you the Florida Key Medicaid figures, courtesy of The Law Offices of Sean W. Scott, Esq.

 2009 Florida Medicaid Asset/Income Numbers.  

  • Gross income for the applicant - Less than $2,022* per month
  • Gross income for the spouse - Unlimited 
  • Spousal income diversion - min. $1,750 max. $2,739
  • Spousal excess shelter standard - $525 
  • Assets** allowed for the applicant - $2,000
  • Assets** allowed for a low income (less than $808 per mo.) $5,000
  • Assets allowed for the well spouse - $109,560
  • Transfer penalty divisor - 5,000

*If income is higher an income trust will be required.

**Assets must below the limit at least one day during each month the application is pending for approval.

If you need Florida specific legal counsel, search for Florida Elder Law attorneys through the Attorney Locator of the National Academy of Elder Law Attorneys.

 

 

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