What exactly is a Qualified Income Trust and why would a Medicaid applicant need one?
A Qualified Income Trust, often times referred to as a Miller Trust, is a vital document a Florida Medicaid applicant must have in order to qualify for Medicaid benefits, assuming their gross income is in excess of $2,022.
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Florida Long Term Care Partnership Program
What is a Florida Long Term Care Partnership policy and why should I care?
The Long Term Care Partnership Program (LTCPP) was approved by Florida lawmakers in 2006 in an effort to make long term care policies a more attractive long term care planning option for all Floridians. The LTCPP is a public/private partnership designed to give a substantial incentive for Floridians to purchase long term care insurance. The incentive is the program assures Medicaid applicants who have participated in the LTCPP to protect their assets equal to the amount paid by the long term care policy for the cost of their long term care.
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