Millions of Savings Possible with Florida Medicaid Expansion

Grandparents with their two grandchildren

Disclaimer: With Medicaid, VA, and insurance regulations frequently changing, past blog posts may not be presently accurate or relevant. Please contact our office for information on current planning strategies, tips, and how-to's.

According to a new report, Florida could save up to $200 million in one year by expanding their Medicaid program. Florida receives a 61% federal match for the amount they spend on Medicaid, but, with the expansion, this match could go up to 90% which means for every $1 the state invests they will get $9 from the government.

Studies have shown that the expansion increases resident’s access to care, improves health and less debt. The groups that would see the greatest benefit would be medically needy, pregnant women and adults with disabilities.