Nursing Home Medicaid “ICP”
It’s a Federal and State program funded via your Social Security tax dollars.
It’s designed to pay for Nursing Home care of Elder’s or the Disabled.
There is an “Income & Asset Test” that must be met in order to qualify.
Medicaid provides a broad level of health care coverage including:
- Doctor’s Visits
- Hospital Expenses, Nursing Home Rehab and Resident Services
- In 2009, the average monthly nursing home bill was between $6,000 to $8,000 per month in the state of Florida.
- Once on Medicaid, your obligation to the nursing home is your monthly income, minus a Personal Needs Allowance.
- With planning, your assets can be protected.