Asset Rules

In Florida, the institutionalized spouse is permitted to retain $2,000 in non-exempt assets regardless if they are married or not.  A community spouse of a Medicaid applicant is permitted to retain up to $109,560 in non-exempt assets as their community resource allowance.

When crafting a Medicaid planning strategy, it is important to understand how various transactions can affect an applicant’s eligibility.  For instance any uncompensated transfer will almost certainly result in a penalty period when applying for Medicaid benefits.  Therefore, it is imperative you understand how your actions today may affect your eligibility going forward.

For more information on uncompensated transfers and how they can affect your Medicaid eligibility, visit uncompensated transfers.