A popular question we often receive is, "If I apply for Medicaid is my home…
Commencing January 1, 2018, there are new Medicaid amounts reflecting Medicaid eligibility. This is the second of a four-part series of updates for 2018.
|2018 Asset and Income Allowances||One Person||Two People|
|Income Level *including $20 unearned income disregard||$ 862||$ 1,253|
|Medicaid Resource Level||$ 15,150||$ 22,200|
|2018 Medicaid Transfer Rates for Nursing Home Care||Monthly Rates|
|Nassau and Suffolk Counties||$ 13,053|
|New York City||$ 12,319|
|Northern Metropolitan Area||$ 12,428|
|2018 Community Spouse Allowances||Community Spouse|
|Maximum Monthly Maintenance Needs Allowance – MMMNA||$ 3,090|
Maximum Community Spouse Resource Allowance – CSRA
*greater of: $74, 820 or 1/2 of the married couple’s resources, not to
exceed $123,600 (excluding residence)
|2018 New York Homestead Exemption||$ 858,000|
To download the pdf version of this chart, click here.
If you found this information helpful, see our previous post on Medicare.