ASSET AND INCOME TESTS
 

 


1.   An applicant must pass two tests, an Asset Test and Income Test, to become eligible for Medicaid. In the Asset Test, a person cannot possess too many assets in order to qualify. In the Income Test, the applicant cannot generate too much income in order to qualify.

2. The Medicaid applicant must meet the criteria for both financial tests in order to qualify for/receive Medicaid benefits.



 

MEDICAID IN FLORIDA - THE INCOME TEST


The first step used by Florida Medicaid in determining eligibility is to calculate an applicant's gross monthly income, not the net amount the applicant receives after taxes and/or Medicare Part B premiums are deducted. Only the applicant's income is counted; a well-spouse's income is not.

While each state implements Medicaid guidelines differently, Florida is known as a "Income Cap" state. This means that if an applicant's gross income exceeds $1,869 per month, they would not pass the income test, nor qualify for Medicaid. However, since 1993, there is now a way to qualify even if the gross income exceeds the cap.

Medicaid in FL - The asset test
Medicaid Excluded Assets
Medicaid Excluded Assets (cont.)