Income & Asset Tests

The Income Test

Medicaid is a program designed to help the under privileged. As such, Medicaid has applies income and asset tests in order to assess qualification. A nursing home resident cannot have more than $1809.00 per month (2006) in gross income from all sources. If you earn more than this amount, a Qualified Income Trust (QIT) may enable you to qualify.

A QIT receives all of a resident's income and then issues a $35.00 personal needs allowance check to the applicant with the remainder going to the nursing home (except for the option of a deduction for the applicant's supplemental insurance costs or for spousal diversion).

However, upon the death of the recipient, the excess that remains in the trust is paid over to Medicaid for its expenses. Only after Medicaid is 100% reimbursed, will the trust distribute any remaining monies to heirs. If there is not enough in the trust to reimburse Medicaid, then Medicaid may file a claim against the probate assets of the recipient.

The Asset Test

If you qualify under the income test or can create a QIT, you must still qualify under the asset test. Asset test limit vary between single and married individuals. This is so a survivor of a Medicaid recipient is not left destitute. The asset test limit for an individual is $2,000 in countable assets and $99,540 (2006) in countable assets for a community spouse (not in a facility).

If you are a concerned relative or friend of an elderly person who seeks assistance with Estate Planning, Elder Law, or Medicaid, Contact Us Online or Call Us at (904) 355-8888 to set up a consultation and receive our Free North Florida Nursing Home Guide.

CLIENT REVIEWS
  • David Wolf is an excellent attorney. He is my FIRST call when a problem arises. He has represented me on a few matters and guided me on others. He is responsive, professional, and compassionate. If you want a down to earth attorney who will fight for your rights, David Wolf would be a good choice for you.
    ★★★★★
  • I am writing to recommend David as counsel. Our grand daughter was injured in a family daycare and during a very difficult time David provided sound advice even when we were unsure of where to turn. David is sincere in desire to help others, is thorough in his explanation of complicated issues and is personable besides. Thanks for reaching out to us, David. We will forever be appreciative.
    ★★★★★
  • I called Mr. Wolf to consult him about a settlement that was being offered to me due to an auto accident. He took the time to answer all my questions in a kind and honest way, so I decided to let him handle the case. I am very happy I did. He is very nice and professional, and promptly answers emails and calls. I highly recommend Mr. Wolf.
    ★★★★★
  • David is well recognized in the Jacksonville community as tireless advocate for his clients. I would recommend David and his firm for those who have been injured or harmed by the carless of negligence of others.
    ★★★★★
  • David Wolf was able to resolve my situation quickly and efficiently. He is a professional attorney who is not only extremely knowledgeable but also kind and considerate. He took the time to assure me of the results and put my mind at ease. I would recommend him highly and would only retain him for other legal services.
    ★★★★★