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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.
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Citizen
of United States or an alien who has been admitted as a permanent
resident.
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Resident
of Florida. Anyone residing in a nursing home that is certified for
Medicaid is considered to be a resident of Florida.
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Medical
need for nursing home care as established by the CARES team of the
Department of Children & Families (DCF).
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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 $743 per
month, the individual is allowed to have up to $5,000 in assets.
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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.
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Property
used in trade or business.
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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.
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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.
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One
burial plot per family member.
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Retirement
accounts 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
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U.S.
savings bonds
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Real Property
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Limited
partnerships
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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
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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:
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Social
Security
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Civil
Service
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Pension
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Annuity
payments
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Retirements
accounts
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Interest
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Dividends
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Alimony
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Rental
income
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Life
insurance proceeds
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Long Term Care Insurance
Income
excluded from $2,022 limit:
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