2008 Florida Medicaid Asset/Income Numbers.

• Gross Income for the applicant - Less than $1,911* per month
• Gross Income for the spouse - Unlimited
• Spousal income diversion - min. $1,712 max. $2,610

• Assets** allowed for the applicant - Less than $2,000

• Assets allowed for the well spouse - Less than $104,400

*If income is higher an income trust will be required.

**Assets must below the limit at least one day during each month the application is pending for approval.

2007 Florida Medicaid Asset/Income Numbers.

• Gross Income for the applicant - Less than $1,869* per month
• Gross Income for the spouse - Unlimited
• Spousal income diversion - min. $1,650 max. $2,541

• Assets** allowed for the applicant - Less than $2,000

• Assets allowed for the well spouse - Less than $101,640

*If income is higher an income trust will be required.

**Assets must below the limit at least one day during each month the application is pending for approval.

Click here for official 2007 DCAF Medicaid Financial Eligibilty Standards Matrix.

2006 Florida Medicaid Asset/Income Numbers.

• Gross Income for the applicant - Less than $1,809.00* per month
• Gross Income for the spouse - Unlimited
• Spousal income diversion - min. $1,603.75 max. $2,488.50

• Assets** allowed for the applicant - Less than $2,000.00

• Assets allowed for the well spouse - Less than $99,540.00

*If income is higher an income trust will be required.

**Assets must below the limit at least one day during each month the application is pending for approval.

Other Qualifications for Florida Medicaid Institutional Care Program (ICP)

• Placement in a nursing home. (Not an Assisted Living Facility)
  

• Referral by physician.
  

• Agreement by CARES unit of Department of Elder Affairs that nursing home is proper placement.

• Gross income includes any deductions such as Medicare Part B premium and witholding taxes.
  

• If the income of the applicant is over the limit, the applicant can create and fund an income trust to solve this problem.
  

• The applicant may be disqualified if a transfer of assets for less than market value is made to somebody other than a spouse.
  

• A disqualification period is calculated based upon the amount of assets tranferred divided by 3,300 for all tranfers made and disclosed if it is within the 60-month look back period.
  

• You should not apply for Medicaid until all of the above criteria have been met.  Applying too soon can create more problems.