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As of 2024, an individual applying for Medicaid long-term care in Florida is limited to $2,000 in countable assets. For couples, the What's With This 5 Year Medicaid Rule?
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A webinar explaining a couple of strategies for protecting family assets from recovery by the State & the nursing home. For advice How To Save Your House From Medicaid Recovery (Lady Bird Deeds Explained) In this Elder Law Minute, Wes Coulson discusses what you can and can't keep when applying for Medicaid. Videos links
Medicaid eligibility for long-term care often involves a spend-down process, where applicants must reduce excess assets to meet This video explains the differences between the
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Medicaid Pooled Trusts and Florida Asset Test Exempt assets under Medicaid in Florida refer to those assets that are not considered when determining an individual's eligibility for Medicaid benefits.
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In this video, we clarify common misconceptions about Medicaid's income and asset limitations in Florida. Many people There are also many assets that Medicaid considers to be exempt (non-countable). Exemptions include personal belongings, household furnishings, an Episode Summary: In this episode of Caregiver Counsel Elder Law Insights, elder law attorney and founder of Elderly Care Law
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The following trusts are exempt from the Medicaid qualifying trust provisions: Page 39. Chapter: 1600. Assets. Program: MSSI, SFP. 35. 1. Trusts set up by a All personal property is exempt from The Asset Test, except for jewelry or art that is deemed collectible. Retirement accounts are also exempt in Florida. Thinking about Medicaid eligibility and wondering if your vehicle still counts? Elder law attorney Melissa O'Connor breaks down
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Learn out more about How We Can Help → ⬇️Florida Elder Law Practice Areas Differences Between Medicaid Planning in New York & Florida Medicaid does not require all if it's recipients to be completely impoverished because certain assets will be “exempt”.
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To request a free zoom video meeting to design your estate plan, click the following link and complete the short questionnaire: How can pooled trusts for Medicaid satisfy Florida's income test? More information about the income and asset tests in Florida What assets are excluded from the Florida Medicaid eligibility asset test?
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Navigating Medicaid for long-term care can feel overwhelming, but understanding the three key eligibility requirements can make What assets are excluded from the Florida Medicaid eligibility asset test? | Wills, Trusts, Probate and Elder Law Firm, PLLC When it comes to Medicaid long-term care eligibility, hiding assets isn't just risky—it can lead to serious consequences.
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Learn about 10 types of assets that are not counted by DCF when determining long-term care Medicaid eligibility. We can be Exempted Assets From Medicaid in Florida 2025
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When determining asset limits for Medicaid, married applicants have something unique available to them called the community Personal Property and Household Goods. Everyday items like furniture, appliances, clothing, and personal belongings are also exempt. You don't
Is My Vehicle Counted as an Asset for Medicaid Purposes? IRAs, 401ks, SEPs and other qualified retirement accounts can be quite large. Even with these large assets, it is still possible to