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Florida 2024 Long-Term Care Medicaid Financial Qualification

Florida updates its qualification levels for Long-Term Medicare twice annually, so below are the updated financial aspects for Medicaid qualification for nursing home, assisted living and long-term care.

  2023 2024
Assets for Single Applicant  $2,000   $2,000 
Assets allowed for Community Spouse $148,620 $154,140
Gross income limit for Medicaid Applicant* $2,742/m $2,829/m
Gross income limit for Community Spouse Unlimited Unlimited
Minimum Spousal Income Diversion $2,289/m  $2,465/m
Maximum Spousal Income Diversion $3,716/m $3,853/m
Exempt value of homestead (single person) $688,000 $713,000
Transfer Penalty Divisor $10,809 $10,809
Community Spouse Housing Allowance $687/month $739.50
Medicare Co-Pays for Skilled Nursing (days 21-100) $164.50/day $174.70/day
*Income Trust needed for income over this amount    

If your loved one is in a nursing home, assisted living facility, or is at home, please visit this webpage for more information on Florida Long-Term Care Medicaid.

If you need help with Medicaid for your elder, please feel free to attend one of our monthly Webinars on Medicaid and asset protection planning!

If you are married and looking to place your spouse into long-term care, learn more about spousal income diversion rules here.

 

D. Rep DeLoach III
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Estate Planning and Board Certified Elder Law Attorney
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