To quote Andy Williams, “It’s the most wonderful time of the year.” As Wikipedia explains,…
Medicaid 2014 Update
Commencing January 1st, there are new Medicaid amounts reflecting Medicaid Eligibility. This is the third of a four part series of updates for 2014.
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If you found this information helpful, see previous posts on Medicare and Social Security. We will be posting a chart on Veterans Benefits next week.
2014 Asset and Income Allowances | One Person | Two People |
Income Level
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*including $20 unearned income disregard |
$829 | $1,212 |
Medicaid Resource Level | $14,550 | $21,450 |
2014 Medicaid Transfer Rates for Nursing Home Care | Monthly Rates |
Nassau and Suffolk Counties | $12,112 |
New York City | $11,423 |
Northern Metropolitan Area | $11,135 |
2014 Community Spouse Allowances | Community Spouse |
Maximum Monthly Maintenance Needs Allowance MMMNA | $2,931 |
Maximum Community Spouse Resource Allowance CSRA | $117,240 |
*greater of: $74,820 or 1/2 of the married couples resources, not to exceed $115,920 (excluding residence)
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