In Florida, Medicaid eligibility depends on the amount of income that are available to the individual requiring services. The maximum income that an individual can have is $2194 / month. The income of their spouse is not counted. If an individual in need of Medicaid has income in excess of the $2194 we can prepare a Miller Trust or Qualified Income Trust to allow the individual to qualify.
The income trust works by taking the exce3ss gross income and depositing the excess into the account prior to applying for Medicaid and during each month.
To evaluate income we must look at all sources of joint income and those available to the individual including
- Social security ( gross amount)
- Retirement plans
- Interest from checking, savings, CD's, bonds, insurance annuities.
- Pensions from deceased spouse
- rental income
- dividends from companies
If you have questions about Medicaid or would like more information about Medicaid in Jacksonville or other areas of Florida, CONTACT our Florida Elder Law Lawyers by email or call us at 904-685-1200 to discuss your situation today. For Medicaid related issues we offer a free 30 minute initial consultation and additional time is billed at hour standard hourly rates. When employed to work on Elder law issues, any fees for the initial consultation will be credited to the new retainer.