Can Medicaid Really Take Your Home? What Florida Families Need to Know About Estate Recovery

Episode Summary: In this episode of Medicaid Mastery, Florida Medicaid planning expert Antony Turbeville clears up one of the biggest fears families have about long-term care: can the government take your home? Antony explains how Florida differs from other states regarding Medicaid estate recovery, how primary residences are treated during eligibility, and what steps families can take to protect the family home. He also covers special circumstances, such as when a child or sibling lives in the home, how excess home equity impacts Medicaid qualification, and why tools like Lady Bird deeds can simplify the process of transferring property.

Whether you’re planning ahead for a loved one or navigating Medicaid right now, this episode offers crucial insight into protecting your family’s most important asset.

Key Timestamps: 00:01 – Introduction to Medicaid Mastery 00:40 – Can Medicaid really take your home after you pass away? 01:13 – How Florida treats a primary residence during Medicaid eligibility 02:04 – The intent to return form and its importance 03:25 – Why some families choose to sell a home during Medicaid planning 04:04 – What is Medicaid estate recovery? 05:00 – How probate affects estate recovery in Florida 06:02 – Protections for a home when a spouse or dependent is living there 06:31 – Special transfers to children or siblings without triggering penalties 07:25 – Planning tools like Lady Bird deeds to avoid probate 08:45 – Limits on home equity for Medicaid qualification in Florida 09:50 – Examples of restructuring assets to meet Medicaid requirements 12:05 – General advice for families worried about Medicaid and the family home

About the Show: Medicaid Mastery helps families navigate the complexities of Medicaid long-term care planning. Hosted by Antony Turbeville, each episode explains Medicaid rules, clears up common myths, and provides actionable strategies to protect your assets while ensuring proper care for your loved ones.