Medicaid 2021 Update

Medicaid 2021 Update

 

MEDICAID 2021 UPDATE

COMMENCING JANUARY 1ST, THERE ARE NEW MEDICAID AMOUNTS AFFECTING MEDICAID ELIGIBILITY.
2021 ASSET AND INCOME ALLOWANCES One Person Two Person
Income Level *including $20 unearned income disregard $904 $1,320
Medicaid Resource Level $15,900 $23,400
 
2021 Medicaid Transfer Rates for Nursing Home Care Monthly Rates
Nassau and Suffolk Counties $13,834
New York City $13,037
Northern Metropolitan Area $13,206
 
2021 Community Spouse Allowances Community Spouse
Maximum Monthly Maintenance Needs Allowance – MMMNA $3,259.50
Maximum Community Spouse Resource Allowance – CSRA *greater of: $74,820 or ½ of the married couple’s resources, not to exceed $130,380 (excluding residence) $130,380
 
2021 New York Homestead Exemption $906,000
 

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 | Manhattan

vjrussolaw.com

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