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Medicaid |
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Medicare
and Medicare HMO's do a pretty good job of covering health care needs for
acute illness. These programs do next to nothing for chronic
illness. Thus heart attacks, cancer, and other acute illness
treatments costing hundreds of thousands of dollars leave little for the
patient to pay while chronic illness such as Alzheimer's disease,
Parkinson's disease, Lou Gehrig's disease (ALS), and stroke have no more than up to 100
days of Medicare coverage.
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Medicaid
Qualifications during and after Application Process
Medicaid
Applicant
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Asset
Limit
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Income
Limit
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During
application
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Under
$2,000
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Under $1,911
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After
approval
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Under
$2,000
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Under $1,911
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Community
Spouse
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Asset
Limit
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Income
Limit
|
During
application
|
Under $104,400
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No
limit
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After
approval
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No
limit
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No
limit
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Qualifications
for Florida Institutional Care Program (ICP) Medicaid
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Appropriately placed in a nursing home.
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Determination by personal physician.
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Evaluation done by CARES unit of Department of Children and Families.
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Assets for Medicaid applicant under $2,000 one day of every month of Medicaid benefits.
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Income for Medicaid applicant under $1,911 or a Qualified Income Trust
(QIT) in place and funded.
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Qualified Income Trust must be established and gross income deposited
in QIT account the first month of qualification.
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Income must be deposited into QIT account each month.
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Under no transfer penalty.
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A transfer of assets for less than market value to somebody other than
a spouse causes a period of ineligibility.
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Application for Medicaid benefits is not made until all of
the above criteria have been met. Applying too soon may cause additional
disqualification for benefits.
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