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Requirements
for a married
person to qualify for
Medicaid under the Institutional Care (Nursing Home) Program are as
follows:
-
At
least 65 years of age or disabled.
-
Citizen
of United States or alien who has been admitted as permanent resident.
-
Resident
of Florida. Anyone residing in a nursing home certified for Medicaid
is considered a resident of Florida.
-
Medical
need for nursing home care as established by the CARES team of the
Department of Children & Families (DCF).
-
Assets
for the applicant of less than
$2,000
at least one day of each
month of Medicaid eligibility. If the applicant's gross income is less
than $743 per month, the applicant is allowed to have up to $5,000 in
assets.
-
Assets
of the applicant's spouse of
$104,400 at time of Medicaid
application.
-
Monthly
GROSS available income not to exceed the State Income Standard ($1,911
as of January 2008).
-
Under no
disqualification
period
during the lookback period because of transfer of assets or gifts in
excess of $5,000 prior to November 1, 2007, and for gifts or
charitable donations of any amount after November 1, 2007.
Assets
that are not counted in the asset limits:
-
Homestead
- if the applicant intends to return home.
-
Homestead
- if a dependent SSI-disabled child lives there.
-
Additional Property
if rented or listed for sale at fair market value.
-
Property
used in trade or business.
-
Vehicle
- regardless of age or value.
-
Additional
vehicle(s) - if seven years old or older unless it is a luxury model,
an antique or customized.
-
Life Insurance
- with no cash value.
-
Life Insurance
- with cash value - if the total face value of all life
insurance policies is less than $2,500 per person.
-
Irrevocable
burial
contracts.
-
$2,500
per person designated for
burial
expenses - revocable burial
contracts, bank accounts designated for burial by notation in the
title, or life insurance policies.
-
One
burial
plot per family member.
-
Retirement
accounts
(IRAs)
that are making regular
automatic periodic distributions.
Assets
that are counted in
the asset limits:
-
Checking
accounts
-
Savings
accounts
-
Brokerage
accounts
-
Certificates
of deposit
-
Stocks
and bonds
-
U.S.
savings bonds
-
Real Property
-
Limited
partnerships
-
Life Insurance
cash value if the total face value of all policies is
greater than $2,500 per person.
-
Boats
-
Loans
-
Annuities
-
IRAs
not making regular periodic distributions
-
Any
resource
or item of value owned jointly by the applicant or the
applicant's spouse.
Income
included in $1,911 limit:
-
Social
Security
-
Civil
Service
-
Pension
-
Annuity
payments
-
Retirement
accounts
-
Interest
-
Dividends
-
Alimony
-
Rental
income
-
Life
insurance proceeds
-
Long Term Care Insurance
Income
excluded from $1,911 limit:
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