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2016 Medicaid Update

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.

Click here to read part one or part two.

 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)

 $  119,220

 

To download the pdf version of this chart, click here.

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.

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