Under Florida law, “homestead” is defined as a half acre in a municipality and 60 acres in an unincorporated area. For Medicaid purposes the primary residence is known as the "homestead" and is an exempt asset (does not effect eligibility for Medicaid) so long as it is occupied by the applicant, the applicant's spouse or the applicant's minor, disabled or blind child. If you are single, up to $552,000.00 of equity in your homestead is exempt. The rest of the homestead equity
Medicare Medicare is a social insurance program that has been administered by the federal government since 1966 and currently is using about 30 private insurance companies across the United States. Requirements: This insurance is for individuals who are 65 and older who have paid into the system as well as certain young people with disabilities or people with end-stage renal failure requiring dialysis or a transplant. Benefits: Medicare covers up to 100 days at a skilled nurs
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