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Requirements
for a single person to qualify for the
Institutional Care (Nursing Home) Program in Florida are as follows:
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At
least 65 years of age or disabled.
-
Citizen
of United States or an alien who has been admitted as a permanent
resident.
-
Resident
of Florida. Anyone residing in a nursing home which is certified for
Medicaid is considered to be a resident of Florida.
-
Medical
need for nursing home care as established by the CARES team of the
Department of Children & Families (DCF).
-
Assets
of less than
$2,000
at least one day of each month of Medicaid
eligibility. If the individual's gross income is less than $808 per
month, the individual is allowed to have up to $5,000 in assets.
-
Monthly
GROSS available income not to exceed the
State Income Standard
($2,022
as of January 2009).
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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 $2,000 asset limit:
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Homestead
- if the applicant intends to return home.
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Homestead
- if a dependent SSI-disabled child lives there.
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Additional Property
if rented or listed for sale at fair market value.
-
Property
used in trade or business.
-
Vehicle
- regardless of age or value.
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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.
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Life Insurance
-with cash value - if the total face value of all life
insurance policies is less than $2,500.
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Irrevocable
burial
contracts.
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$2,500
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.
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Retirement
accounts
(IRAs)
that are making regular
automatic periodic distributions.
Assets
that are counted in the $2,000 asset limit:
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Checking
accounts
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Savings
accounts
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Brokerage
accounts
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Certificates
of deposit
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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.
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Boats
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Loans
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Annuities
-
IRAs
not making regular payments
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Any
resource
or item of value owned jointly by the applicant.
Income
included
in $2,022 limit:
-
Social
Security
-
Civil
Service
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Pension
-
Annuity
payments
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Retirements
accounts
-
Interest
-
Dividends
-
Alimony
-
Rental
income
-
Life
insurance proceeds
-
Long Term Care Insurance
Income
excluded from $2,022 limit:
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