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  • Home
  • Our Team
  • Services
    • Estate Planning
    • Trust & Estate Litigation
    • Estate & Trust Administration
    • Probate & Probate Avoidance
    • Contested Guardianships & Probates
    • Asset Protection Planning
    • Tax Law
    • Medicaid & VA Benefits
    • Land Conservation Easements
  • Blog
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Medicaid Planning

Home » Medicaid Planning
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By Bach, Jacobs & Byrne, P.A.
In Asset Protection Planning, Government Benefits, Long-Term Care, Medicaid Planning
Posted June 23, 2020

Statewide Medicaid Managed Care (SMMC) – Managed Medical Assistance Program

Statewide Medicaid Managed Care (SMMC) is the program where most Medicaid recipients receive their Medicaid services. There are two different parts that make up the SMMC program: The Managed [...]

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By Bach, Jacobs & Byrne, P.A.
In Asset Protection Planning, Government Benefits, Long-Term Care, Medicaid Planning
Posted June 22, 2020

Statewide Medicaid Managed Care (SMMC) – Long-term Care Program

In 2011, the Florida Legislature created a new program called the Statewide Medicaid Managed Care (SMMC) program. There are two different programs that make up the Statewide Medicaid Managed [...]

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By Bach, Jacobs & Byrne, P.A.
In Asset Protection Planning, Elder Law, Government Benefits, Long-Term Care, Medicaid Planning
Posted June 19, 2020

How to Get on the Florida Medicaid Waiver Wait List

In Florida, the Medicaid program that helps pay for long-term care in an assisted living facility or at home is called the Long-Term Care Diversion Waiver. There is a waitlist for this program. [...]

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By Bach, Jacobs & Byrne, P.A.
In Asset Protection Planning, Medicaid Planning
Posted June 2, 2020

How Can I Spend Funds in A Qualified Income Trust?

There are very specific rules regarding how the funds in a Qualified Income Trust (QIT) may be spent. It is very important that the Trustee ensures that only allowable expenses are paid out of [...]

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By Bach, Jacobs & Byrne, P.A.
In Asset Protection Planning, Medicaid Planning
Posted June 1, 2020

Does the Qualified Income Trust Need a Taxpayer Identification Number?

Some banks may request that you obtain a Taxpayer Identification Number for the Qualified Income Trust (QIT, also referred to as a Miller Trust).  However, In Part 21, Chapter 7, Section 13 of [...]

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By Bach, Jacobs & Byrne, P.A.
In Asset Protection Planning, Medicaid Planning
Posted May 29, 2020

How much of my income should be deposited into the Qualified Income Trust?

The Trustee must deposit the amount of the Medicaid recipient’s income that exceeds the income cap into Qualified Income Trust (QIT) each and every month.  In 2020, the gross monthly income cap [...]

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By Bach, Jacobs & Byrne, P.A.
In Asset Protection Planning, Medicaid Planning
Posted May 28, 2020

What Items Must Be Included in a Qualified Income Trust Agreement?

A Qualified Income Trust (QIT) agreement is a complex document that must meet specific requirements to be approved by the Florida Department of Children and Families. According to the applicable [...]

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By Bach, Jacobs & Byrne, P.A.
In Asset Protection Planning, Medicaid Planning
Posted May 27, 2020

How do I Establish A Qualified Income Trust?

A Qualified Income Trust (QIT) agreement is a complex document that must meet specific requirements to be approved by the Florida Department of Children and Families. The Florida Supreme Court [...]

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By Bach, Jacobs & Byrne, P.A.
In Asset Protection Planning, Elder Law, Medicaid Planning
Posted May 26, 2020

Opening the Qualified Income Trust Bank Account

Opening the Qualified Income Trust Bank Account Once a Qualified Income Trust (QIT) has been prepared and signed, the Trustee must establish and maintain a separate bank account in the name of [...]

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By Bach, Jacobs & Byrne, P.A.
In Asset Protection Planning, Government Benefits, Medicaid Planning
Posted May 25, 2020

What is a “Qualified Income Trust”?

As of January 1, 2020, in Florida, in order to qualify for Medicaid benefits, the applicant’s gross income must be less than $2,349.00 per month. In general, if the Medicaid applicant’s monthly [...]

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