Russo Law Group

MEDICAID 2020 UPDATE

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

2020 ASSET AND INCOME ALLOWANCESOne PersonTwo 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 CareMonthly Rates
Nassau and Suffolk Counties$13,407
New York City$12,844
Northern Metropolitan Area$12,805
2020 Community Spouse AllowancesCommunity 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
(excluding residence)
$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

Garden City | Lido Beach | Islandia | Bay Shore | Manhattan

vjrussolaw.com

Leave a Reply