FL Medicaid
Additional Information
Florida Medicaid offers Long Term Care Healthcare to low income individuals who are disabled or over the age of 65. There two major programs that are available. The First is known as "Institutional Care Program" or "ICP". ICP provides funding for care that is provided in the Nursing Home. The second program is known as "Statewide Medicaid Managed Care Long Term Care" (SMMC LTC) and is often referred to as 'Diversion' as the care is "diverted" away from the Nursing Home and provided in the community, such as at home, Adult Daycare or an Assisted Living Facility.
In Florida, in order to be eligible to receive benefits from Medicaid, the applicant has to meet certain asset and income levels. An Applicant is only allowed $2,000 of 'non-exempt assets' and a monthly gross income of $2,829 (2024). A spouse is entitled to keep an additional $154,140 (2024) of 'non-exempt assets'.
Important Medicaid Numbers (2024):
Income Cap $2829
Individual Resource Allowance $2,000.00
Monthly Personal Needs Allowance $160.00
Community Spouse Resource Allowance $154,140
Minimum Monthly Maintenance Needs Allowance $2,465.00
Maximum Monthly Maintenance Needs Allowance $3,854.00
Shelter Standard $740.00 Standard Utility Allowance $376.00
Divestment Penalty Divisor $10,438 (7/1/2023)
Last Updated April 2024
