Medicaid Releases Updated 2014 Numbers

by toronlaw on January 14, 2014

The Medicaid numbers for 2014 were recently updated.

For a nursing home Medicaid recipient with a spouse living in the community, the numbers are as follows:

Community Spouse Monthly Income Allowance:

Minimum Monthly Maintenance Needs Allowance: $1,939

Maximum Monthly Maintenance Needs Allowance: $2,931

 

Community Spouse Asset Allowance:

Minimum Community Spousal Resource Allowance: $23,448

Maximum Community Spouse Resource Allowance: $117,240

Excess Shelter Standard: $582

Standard Utility Allowance: $463

 

For the nursing home resident, the numbers are:

Monthly Personal Needs Allowance: $45

Resource Allowance for an Individual: $1,500

 

For purposes of calculating the penalty for gifts made within five years, the number is as follows:

Average Private Pay Rate: $6,114

(In general, this means that for every $6,114 given away within the last five years, one month of nursing home coverage will be forfeited.)

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