As of August 2018, the average monthly cost for nursing home care in Florida is $8,000/month. If you do not qualify for Medicaid you will be required to pay long-term care expenses out of your own pocket.
The best way to avoid paying for long-term care is to plan ahead! If you contact us early enough, we can help you save up to 100% of your assets. Even if you need to qualify for Mediciad immediately, we can help you protect some of your assets from the Medicaid spend-down requirements.
The Rentz Law Firm specializes in assisting clients qualify for Medicaid. Contact us to see how we can help you in qualifying for Medicaid.
Medicaid is a government medical assistance program that helps provide access to health care for low-income families and individuals. It also helps disabled or elderly people with the rising cost of nursing facility care and other health care expenses. The State of Florida and the federal government share the costs associated with the Medicaid program.
Medicaid is the only government program that will cover 100% of long-term care costs.
Medicaid eligibility in Florida is determined by the Department of Children and Families. The Agency for Health Care Administration manages Medicaid services.
A Medicaid applicant must meet the following standards in order to qualify:
1. Must be a Florida resident,
2. Must be a US Citizen or Resident Alien,
3. Income Test: earn less than $2,250.00/month (as of August 2018, number subject to change),
4. Assets Test: less than $2,000.00 of combined assets (as of August 2018, number subject to change),
5. Needs Test: need assistance in Activities of Daily Living (ADLs), i.e., dressing themselves, walking, transferring, bathing, feeding, and using a toilet.
If you do not qualify for Medicaid and require long-term care, Medicaid will require you to spend down your assets in order to qualify. For example, if you have $100,000 in your bank account and need to enter a nursing home facility you will not qualify for Medicaid and will be required to spend your assets down until you do qualify for Medicaid.
Most people assume they cannot qualify for Medicaid because their monthly income or assets are more than the Medicaid limits allow. We specialize in assisting clients that need help qualifying for Medicaid. There are a variety of options available to you in order to qualify for Medicaid including, but not limited to, exempt transfer of assets, exempt purchases, and Qualified Income Trusts.