Full version Protecting Your Family's Assets in Florida: How to Legally Use Medicaid to Pay for

3 years ago
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In Florida, private-pay costs at nursing facilities can exceed $6,000 per month. Many families cannot afford to pay such excessive amounts, which can total more than $70,000 per year. The Florida Medicaid program can offer a solution to the high cost of nursing home and assisted living care. But Medicaid has such strict asset-and-income limitations that most people believe it can be used by only the very poor.Fortunately, the U.S. Congress and Florida law provide opportunities to help families receive financial assistance through Medicaid and protect hard-earned assets. With proper planning, even those whose assets and income greatly exceed the limits for Medicaid can qualify for benefits.