Medicaid 2024 Update

MEDICAID 2024 UPDATE

COMMENCING JANUARY 1ST, THERE ARE NEW MEDICAID AMOUNTS AFFECTING MEDICAID ELIGIBILITY.

2024 ASSET AND INCOME ALLOWANCES	One Person	Two People
Income Level *including $20 unearned income disregard	$1,752	$2,371
Medicaid Resource Level	$31,175	$42,312

2024 Medicaid Transfer Rates for Nursing Home Care	Monthly Rates
Nassau and Suffolk Counties	$14,668
New York City	$14,273
Northern Metropolitan Area	$14,165

2024 Community Spouse Allowances	Community Spouse
Maximum Monthly Maintenance Needs Allowance – MMMNA	$3,853.50
Maximum Community Spouse Resource Allowance – CSRA *greater of: $74,820 or ½ of the married couple’s resources, not to exceed $154,140 (excluding residence)	$154,140

2024 New York Homestead Exemption	$1,071,000

For more information on Medicaid, call us at (516) 683-1717 or visit us at www.vjrussolaw.com.

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

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

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