Medicaid Income and Asset limits

As of July 2008, in Florida, the Medicaid qualification limits are as follows:

Community Spouse Resource allowance: $104,400.00

Individual Resource Allowance: $2,000.00

Couple's Resource Allowance: (Assuming both in Nursing Home) $3,000.00

Minimum Monthly Maintenance Needs Allowance: $1,750.00

Maximum Monthly Maintenance Needs Allowance: $2,610.00

Personal Needs Allowance: $35.00

Shelter Allowance: $525.00

Standard Utility Allowance: $198.00

Maximum Income Allowable: $1,911.00

Home Equity Limit for Qualification: $500,000.00

Please consult an attorney for application of these limits to your Individual Situation. Many complicated rules may affect your individual qualification for Medicaid Nursing home payments.