• Why Choose
    Our Firm?

    We limit the number of clients that we have at one time, allowing us to focus on your case.

    Personalized Representation
  • Know the
    Benefits

    Find out if you and your family can benefit from our elder law planning services!

    More Information
  • Dedicated & Experienced

    Our firm exclusively handles elder law concerns so your family can obtain peace of mind.

    Meet Your Attorney
  • Complimentary Consultation

    Let us help. Request your consultation today and we will be in touch.

    Contact Us Now

What Happens to Your House When You Apply for Florida Medicaid Long-Term Care Benefits?

Many times the first question that I hear when the conversation turns to applying for FL Medicaid long-term care benefits is “Am I going to lose my house if I apply for Medicaid?” Fortunately, much to everyone’s relief, the answer is usually “No”.

An applicant for FL Medicaid long-term care benefits has to satisfy requirements regarding 1) the level of care needed, 2) income limits and 3) asset limits. For the asset limit test, the current asset limit for an individual applicant is $2,000 and the current asset limit for the spouse of a married applicant (the community spouse who does not need Medicaid and will be continuing to reside in the community) is $115,920.

People hear about these asset limits and start to worry about their homes. However, these asset limits do not include any asset that is considered to be an exempt asset under the FL Medicaid rules. One of the assets that is considered an exempt asset under the FL Medicaid rules is the applicant’s primary residence (their homestead).

Think of exempt assets as going into a Medicaid protective box. Whatever the Medicaid rules allow to be in the protective box is an asset that can be kept in addition to the individual $2,000 asset limit or the community spouse $115,920 asset limit.

Although the house, as homestead, is most of the time eligible for the protective box, the next challenge becomes getting enough additional assets in the Medicaid protective box to pay the ongoing bills associated with the house such as the mortgage, utilities or property taxes. Fortunately, there are additional Medicaid rules that can be used to put additional exempt assets into the protective box to help pay these expenses and save the homestead.

  • Why Choose
    Our Firm?

    We limit the number of clients that we have at one time, allowing us to focus on your case.

    Personalized Representation
  • Know the
    Benefits

    Find out if you and your family can benefit from our elder law planning services!

    More Information
  • Dedicated & Experienced

    Our firm exclusively handles elder law concerns so your family can obtain peace of mind.

    Meet Your Attorney
  • Complimentary Consultation

    Let us help. Request your consultation today and we will be in touch.

    Contact Us Now

Contact Us

Edwards Elder Law, P.A.
St. Petersburg Elder Law Attorney
Located at: 2510 1st Ave. N.,
St. Petersburg, FL 33713
View Map
Phone: (727) 755-5808
Website:
© 2017 All Rights Reserved.

Disclaimer

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.