MEDICAID 2020 UPDATE
COMMENCING JANUARY 1ST, THERE ARE NEW MEDICAID
AMOUNTS AFFECTING MEDICAID ELIGIBILITY.
|2020 ASSET AND INCOME ALLOWANCES||One Person||Two Person|
|Income Level *including $20 unearned income disregard||$895||$1,304|
|Medicaid Resource Level||$15,750||$23,100|
|2020 Medicaid Transfer Rates for Nursing Home Care||Monthly Rates|
|Nassau and Suffolk Counties||$13,407|
|New York City||$12,844|
|Northern Metropolitan Area||$12,805|
|2020 Community Spouse Allowances||Community Spouse|
|Maximum Monthly Maintenance Needs Allowance – MMMNA||$3,216|
|Maximum Community Spouse Resource Allowance – CSRA|
*greater of: $74,820 or ½ of the married couple’s resources, not to exceed $128,640
|2020 New York Homestead Exemption||$893,000|
For more information on Medicaid you can visit us at www.vjrussolaw.com.
Additionally, we also have information and resources on Medicare Social Security, Veterans Benefits, Elder Law, Special Needs Planning and Estate Planning. Please do not hesitate to contact us with any questions or comments.
100 Quentin Roosevelt Blvd. | Suite 102 | Garden City, NY 11530
PHONE 516-683-1717 | FAX 516-683-9393
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