Podcast Episodes

2026/08/28

How does Medicaid in Florida treat someone who is over the asset limit and needs to reduce assets before applying? In Florida, Medicaid allows individuals to spend down assets by covering any legitimate expenses or debts. This includes repaying mortgages, car loans, credit card debts, and making necessary home repairs. Paying property taxes and insurance are also permissible. Essentially, any debt or current expense is acceptable for spending down assets.

How does Florida Medicaid define an asset for long-term care coverage? Florida Medicaid considers typical assets such as real estate, bank accounts, stocks, bonds, and annuities. However, the key issue is whether these assets are exempt for Medicaid purposes.

2026/06/08

Where does the fear of losing everything come from when needing nursing home care? The fear primarily stems from the concept of "spend down," where people mistakenly believe they can only keep $2,000 in assets. This fear often originates from misinformation, leading families to start spending down assets unnecessarily. In reality, for married couples, the asset limit is significantly higher, at $162,660 for the spouse living in the community.

2026/05/27

There are primarily three main categories of Medicaid programs for long-term care in Florida: nursing facility clients, assisted living facility clients...

2026/05/27

Many clients mistakenly believe they have too many assets to qualify for Medicaid, citing the $2,000 asset limit for unmarried Medicaid applicants in Florida. However, Florida offers extensive asset restructuring strategies to help clients qualify for Medicaid benefits, even with strict asset and income limits....

2026/04/16

What are some common misunderstandings people have about whether Medicaid will pay for assisted living or nursing home care in Florida? Many clients mistakenly believe they have too many assets to qualify for Medicaid, citing the $2,000 asset limit for unmarried Medicaid applicants in Florida. However, Florida offers extensive asset restructuring strategies.....