Understanding Medicaid Planning and Eligibility in Florida

Episode Summary: In this episode of Caregiver Counsel Elder Law Insights, elder law attorney and founder of Elderly Care Law Firm, Tieesha Taylor, tackles one of the biggest fears families face: losing a home or lifetime of savings to nursing home costs. With nursing care in Florida averaging $9,000–$10,000 per month, many families worry that Medicaid will “take everything.” Tieesha explains why that fear is a myth, how Florida Medicaid rules actually work, and what assets are exempt. She also dispels common misconceptions, such as believing Medicare covers long-term care or thinking you must be completely broke to qualify. Through real-life examples, Tieesha highlights planning strategies like trusts, annuities, and Lady Bird deeds that can protect assets, even in crisis situations. Families will walk away with clarity, reassurance, and actionable steps to safeguard what matters most.

Key Timestamps:

00:01 – Welcome and introduction to Caregiver Counsel Elder Law Insights 02:15 – The true cost of nursing home care in Florida 04:10 – Can Medicaid really take everything? 06:00 – Assets that are exempt under Florida law (home, car, etc.) 08:40 – Common myths about paying for long-term care 12:20 – The difference between “spending down” and Medicaid planning 16:05 – Real-life example of protecting assets through Medicaid-compliant planning 19:30 – Risks of losing the family home without proper legal strategies 23:00 – Why it’s never too late for Medicaid planning—even in crisis situations 27:15 – Biggest mistakes families make when planning for long-term care 30:45 – How Tieesha’s team helps families step by step 34:10 – Why timing matters and the impact of the five-year look-back rule 38:30 – First steps families should take if facing nursing home costs 42:00 – Final takeaways and how to get legal help

About the Show:

Caregiver Counsel Elder Law Insights with Tieesha Taylor is a podcast dedicated to helping families navigate the financial and legal challenges of long-term care. Hosted by South Florida elder law attorney Tieesha Taylor, each episode provides practical strategies on Medicaid, guardianship, probate, and asset protection—empowering families to protect their loved ones and their legacy.