Attention Floridians - Big news for 2025! 🚀 Gear up for increased income limits starting Jan 1, 2025:
💰 SSI gets a boost – now $967/mo, up from $943.
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🌴 𝗠𝗲𝗱𝗶𝗰𝗮𝗶𝗱 𝗟𝗧𝗖 𝗪𝗮𝗶𝘃𝗲𝗿 𝗮𝗻𝗱 𝗜𝗖𝗣 𝗜𝗻𝗰𝗼𝗺𝗲 𝗖𝗮𝗽 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝘀 𝘁𝗼 $𝟮,𝟵𝟬𝟭/𝗺𝗼 (𝗳𝗿𝗼𝗺 $𝟮,𝟴𝟮𝟵) (if you earn more in 2025, a Qualified Income Trust / Miller Trust will be needed)
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🛠️ Earn more with disability benefits – SGA (substantial gainful activity) now $1,620/mo, up from $1,550!
#SocialSecurity #MedicaidUpdate #Florida2025 #IncomeLimits #millertrust #qualifiedincometrust
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FLORIDA LTC MEDICAID INCOME CAP INCREASE: $2,829.00
As of January 1, 2024, the Florida Long Term Care Medicaid Programs' (i.e. Institutional Care Program or Home and Community Based Services / Medicaid Waiver) Income Cap has increased to: $2,829.00/month.
Your income has likely changed (e.g. social security increase, increased required minimum distributions from an IRA or 401k) so its important to make sure that you are transferring the correct amount into a Qualified Income Trust "QIT" (a/k/a Miller Trust).
If your income has increased substantially (e.g. renting out property, inheriting an annuity, etc...), some people who previously did not need a QIT may now be in need of one!
If you are concerned about a change in income or whether or not you need a QIT / Miller Trust, please feel free to schedule a consultation.
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ATTENTION: All Florida Medicaid Recipients (November, 2023)
The new MyACCESS portal is coming! The new portal replaces the current ACCESS Florida portal and offers a new, easier-to-use system!
Some important things to know:
All users will be required to create a new account for the MyACCESS portal. Existing usernames/accounts will not be transferred.
Creating a new account requires an email address. If you don't have an email address, there are lots of free options available.
After the new account is created, existing users will need to link to their current case info.
Incomplete applications will not be transferred to the new MyACCESS portal so be sure to submit applications.
Read more about the more modern ACCESS portal here: www.myflfamilies.com/myaccess
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April 2023 Updated Florida Medicaid Eligibility (Important Medicaid Numbers):
- Income Limit: $2,742.00/mo
- Asset Limit: $2,000.00 for Individual, $3,000.00 for Married Couples
- Community Spouse Resource Allowance (CSRA): $148,620.00
- Minimum Monthly Maintenance Needs Allowance (MMMNA): $2,289.00/mo
(single individual)
- Income Limit: $1,215.00/mo
- Asset Limit: $9,090.00
www.elderneedslaw.com/elder-law-attorney
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Welcome to Elder Law, Medicaid Planning and Probate in Florida!
Facing a huge long-term care costs can be daunting — A board-certified elder law attorney should be by your side to discuss various Medicaid planning and Medicaid qualification strategies.
Call (305) 931-0478 to set up an Elder Law Consultation today.
Elder Needs Law, PLLC in Florida can help with: Miller Trusts (Qualified Income Trusts), Personal Service Contracts, Pooled Special Needs Trusts, First Party Special Needs Trusts, Lady Bird Deeds, Medicaid-Compliant Promissory Notes and other Medicaid planning techniques.
Ultimately, your Elder Law attorney can assist with shepherding the Medicaid application through to approval. We can also discuss important estate planning (Wills, Trusts) and incapacity planning (Durable Power of Attorney, Health Care Surrogate) documents, as well as Probate Administration throughout Florida.