To quote Andy Williams, “It’s the most wonderful time of the year.” As Wikipedia explains,…
Commencing January 1st, there are new Medicaid amounts reflecting Medicaid Eligibility. This is the third of a four part series of updates for 2014.
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If you found this information helpful, see previous posts on Medicare and Social Security. We will be posting a chart on Veterans Benefits next week.
|2014 Asset and Income Allowances||One Person||Two People|
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*including $20 unearned income disregard
|Medicaid Resource Level||$14,550||$21,450|
|2014 Medicaid Transfer Rates for Nursing Home Care||Monthly Rates|
|Nassau and Suffolk Counties||$12,112|
|New York City||$11,423|
|Northern Metropolitan Area||$11,135|
|2014 Community Spouse Allowances||Community Spouse|
|Maximum Monthly Maintenance Needs Allowance MMMNA||$2,931|
|Maximum Community Spouse Resource Allowance CSRA||$117,240|
*greater of: $74,820 or 1/2 of the married couples resources, not to exceed $115,920 (excluding residence)