One month of private pay at a nursing home can cost anywhere from $9,000 to $15,000. Most individuals can not even come close to affording this and many individuals think that they cannot qualify. Florida ICP (Institutionalized Care Program ) is the nursing home Medicaid that will cover the monthly cost of a nursing home. With being approved for this benefit many individuals can stay long term at a nursing home only having to pay their Social Security and any retirement income.If there is a spouse in the community, the community spouse may be eligible to keep all of the nursing home spouse’s income so they may continue to pay for living and housing expenses. This means that the nursing home spouse may be eligible to reside in the nursing home under ICP Florida Medicaid with no monthly amount due to the nursing home.
We can assist with income and assets above the thresholds to become eligible for Medicaid, We will assist with an individual Medicaid plan with all the steps needed to comply with Medicaid rules and regulations
Community spouse resource allowance $130,380 - Married couples that exceed this asset allowance may still qualify for this program.
For married couples that are both residing in a nursing home the asset limit is $3,000.
Elder Benefits knows all the current rules and regulations for ICP Medicaid. Let us help you prepare a plan for eligibility to help cover nursing home costs