Florida’s Medicaid program places income limits on applicants to ensure the most needy benefit from its services. Income is calculated per household. Therefore, if the applicant lives alone, it’s only their income that counts, but if they live with others, their income too factors in the decision. Countable assets are also considered, which may or may not include the applicant’s home (depending on individual circumstances). Florida also applies a 60-month look-back period for assets to check the applicant hasn’t sold or gifted items in anticipation of a Medicaid petition.
Floridian seniors who require Medicaid services, and whose income is over the Medicaid limit, can apply for Florida’s Share of Cost program. This spend-down program allows seniors with high ongoing medical costs to apply most of their income towards their medical bills each month. Once the predetermined spend-down limit is reached, Medicaid benefits cover all eligible expenses for the remainder of the month.
2022 Basic Medicaid Income Limits for Seniors in Florida