Posted by Babette B. Bach, Esq., Sarasota, FL
Question: What are the new 2014 Florida ICP Medicaid Figures for Skilled Nursing Care?
Answer: Some ICP Medicaid eligibility figures for seniors in need of long term care are tied to inflation. The Centers for Medicare and Medicaid Services just released the 2014 figures:
Single Applicant Resource Allowance: $2,000
Institutional Spouse Resource Allowance: $2,000
Maximum Community Spouse Resource Allowance: $117,240
(Note a Florida primary residence and one vehicle are exempt assets)
Minimum Monthly Maintenance Needs Allowance: $1,938.75
Maximum Monthly Maintenance Needs Allowance (this is the maximum spousal diversion allowed): $2,931
If you need legal advice for Medicare or Medicaid planning, estate planning, probate and trust administration or VA benefits, please contact our office for an initial consultation.Babette B. Bach, Esquire, Board Certified Elder Law
Bach & Jacobs, P.A.
240 S. Pineapple Avenue, Suite 700
Sarasota, FL 34236