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Elder Benefits
  • Home
  • About Us
  • Eligibility
  • Testimonials
  • FAQ
  • Contact Us
  • Providers
  • Blog

Medicaid FAQ

  • Medicaid will not take your Homestead
  • Florida is a very Medicaid friendly state. There are ways to protect assets without a spend down.
  • It is very easy to approve a married individual without spending down your life savings
  • Some retirement accounts can be considered an excluded asset
  • Some transfers made within the five-year look back period can be reversed and corrected for eligibility
  • There is no five year look back penalty for spouse to spouse transfers

Things not to do before having a consultation with Elder Benefits:

  • Do not transfer any property prior to applying for Medicaid
  • Do not liquidate accounts or transfer money to any individuals including family prior to applying for Medicaid
  • Do not hide assets. A full disclosure is important and required by Florida Medicaid
  • Even though a gift is allowed for federal tax exemptions. Gifting is not allowed under Florida Medicaid rules. There is a five-year look back period for Medicaid eligibility
  • There is no five-year look back period for spouse to spouse transfers

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