While aging is inevitable, so too are its effects. It is also undeniable that how…
2018 Medicaid Update
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.
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