Medicaid 2023 Update

Medicaid 2023 Update

 

MEDICAID 2023 UPDATE

COMMENCING JANUARY 1ST, THERE ARE NEW MEDICAID AMOUNTS AFFECTING MEDICAID ELIGIBILITY.
2023 ASSET AND INCOME ALLOWANCES One Person Two People
Income Level *including $20 unearned income disregard $1,697 $2,288
Medicaid Resource Level $30,182 $40,821
 
2023 Medicaid Transfer Rates for Nursing Home Care Monthly Rates
Nassau and Suffolk Counties $14,136
New York City $14,142
Northern Metropolitan Area $13,906
 
2023 Community Spouse Allowances Community Spouse
Maximum Monthly Maintenance Needs Allowance – MMMNA $3,715.50
Maximum Community Spouse Resource Allowance – CSRA *greater of: $74,820 or ½ of the married couple’s resources, not to exceed $148,620 (excluding residence) $148,620
 
2023 New York Homestead Exemption $1,033,000
 

For more information on Medicaid you can visit us at www.vjrussolaw.com. Additionally, we also have information and resources on Medicare Social Security, Veterans Benefits, Elder Law, Special Needs Planning and Estate Planning. Please do not hesitate to contact us with any questions or comments.

100 Quentin Roosevelt Blvd. | Suite 102 | Garden City, NY 11530

PHONE 516-683-1717 | FAX 516-683-9393

Garden City | Lido Beach | Islandia | Virtual Meetings | Home Visits

vjrussolaw.com

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