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MEDICAID FLORIDA | Florida Medicaid Program | FL MEDICAID

Medicaid Florida
FL MEDICAID

Medicaid Florida provides medical coverage for needy Florida residents who qualify.

In Florida, the Agency for Health Care Administration (AHCA) develops and carries out policies related to the Medicaid Florida program.

Medicaid Florida is the state and federal partnership that provides health coverage for selected categories of people with low incomes.
 

 FL MEDICAID
Medicaid Florida's purpose is to improve the health of people who might otherwise go without medical care for themselves and their children. Medicaid is different in every state.
Florida implemented the Medicaid program on January 1, 1970, to provide medical services to indigent people. Over the years, the Florida Legislature has authorized Medicaid reimbursement for additional services. A major expansion occurred in 1989, when the United States Congress mandated that states provide all Medicaid services allowable under the Social Security Act to children under the age of 21.

MEDICAID FLORIDA

Three ways to create Medicaid Florida eligibility for a married couple are:

Immediate Annuity: All the assets, except the amount the law allows the well spouse to retain, are used to purchase an immediate term certain, not life, annuity for the well spouse. The annuity payment is counted as income to the well spouse and the ill spouse is eligible for Medicaid. This is a good option for the family who has certificates of deposit.

Raising the Community Spouse Resource Allowance: If the well spouse's income is less than the amount allowed by law (including their social security and pension) they are allowed to keep assets which produce income to get their monthly income up to the amount allowed by law. This option works well when the husband is the ill spouse and the couple has assets less than $200,000.00 or so.

Just Say No: The well spouse can just refuse to pay for the care of the ill spouse. If the ill spouse meets the rules for an individual to be eligible, then the ill spouse is immediately eligible for Medicaid. This is an option to use in second marriage situations.

There are other ways to create Medicaid eligibility for a single person.

There are also many other assets that do not count when determining eligibility for Medicaid.
Each family's situation is very different and must be individually analyzed. Under current law, we can assist in legally rearranging the assets to make a married person eligible for Medicaid almost immediately! With a single person, most of the assets can be legally sheltered too.

Do not let your life savings be spent on long term care costs. Act now!

Source: www.osterhoutmckinney.com

MEDICAID FLORIDA | Florida Medicaid Program | FL MEDICAID