To quote Andy Williams, “It’s the most wonderful time of the year.” As Wikipedia explains,…
Commencing January 1, 2016, there are new Medicaid amounts reflecting medicaid eligibility. This is the third of a four-part series of updates for 2016.
|2016 Asset and Income Allowances||One Person||Two People|
|Income Level *including $20 unearned income disregard||$ 845||$ 1,229|
|Medicaid Resource Level||$ 14,850||$ 21,750|
|2016 Medicaid Transfer Rates for Nursing Home Care:||Monthly Rates|
|Nassau and Suffolk Counties||$ 12,633|
|New York City||$ 12,029|
|Northern Metropolitan Area||$ 11,768|
|2016 Community Spouse Allowances||Community Spouse|
|Maximum Monthly Maintenance Needs Allowance – MMMNA||$ 2,980.50|
Maximum Community Spouse Resource Allowance – CSRA
*greater of: $74, 820 or 1/2 of the married couple’s resources, not to
exceed $119,220 (excluding residence)
To download the pdf version of this chart, click here.