Friday, February 27, 2009

New Numbers for Medicaid Qualification

Here are some new numbers to update the Medicaid Qualification note earlier:
Community Spouse Resource Allowance: $ 109,560.00
Resource Allowance for an Individual: $ 2,000.00
Resource Allowance for a Couple: (both husband and wife in a nursing home) $ 3,000.00
Minimum Monthly Maintenance Needs Allowance: $ 1,750.00
Maximum Monthly Maintenance Needs Allowance: $ 2,739.00
Monthly Personal Needs Allowance: $ 35.00
Shelter Allowance: $ 525.00
Standard Utility Allowance: $ 198.00
Divestment Penalty Divisor: $ 5,000.00
Income Cap Amount: $ 2,022.00
Home Equity Limit: $ 500,000.00

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