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BETTEN, MURPHY & WEISS
Attorneys, PA

Brevard's Elder Law Firm
1800 Penn Street, Suite 6
Melbourne, FL 32901-2625
Phone (321) 676-2525

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Brevard Elder Law

MEDICAID Exempt Assets

Brevard Elder Law

Resources that are not counted in the MEDICAID eligibility asset limits:

  • Homestead - if the applicant intends to return home.

  • Homestead - if a dependent SSI-disabled child lives there.

  • Vehicle - regardless of age or value.

  • Additional vehicle - if seven years old or older unless it is a luxury model.

  • Life insurance - with no cash value.

  • Life insurance - with cash value - if the total face value of all life insurance policies per person is less than $2,500.

  • Irrevocable Pre-Need Funeral Contracts.

  • Burial Fund of $2,500 per person.

  • One burial plot per family member.

Brevard Elder Law
The below items will give you additional information on MEDICAID eligibility for Nursing Home Care.

MEDICAID Estate Planning

MEDICAID Mistakes

MEDICAID Trusts

MEDICAID FAQs (frequently asked questions)

MEDICAID eligibility for a single person

MEDICAID eligibility for a married person

Brevard Elder Law
Copyright © 2007 Betten, Murphy & Weiss, Attorneys, PA All rights reserved. Site Updated January 1, 2007