Medicaid Releases Updated 2015 Numbers

by toronlaw on March 4, 2015

The Medicaid numbers for 2015 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: $1,967

Maximum Monthly Maintenance Needs Allowance: $2,981

 

Community Spouse Asset Allowance:

Minimum Community Spousal Resource Allowance: $23,844

Maximum Community Spouse Resource Allowance: $119,220

Excess Shelter Standard: $590

Standard Utility Allowance: $498

 

For the nursing home resident, the numbers are:

Monthly Personal Needs Allowance: $50

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: $6,327

(In general, this means that for every $6,327 given away within the last five years, one month of nursing home coverage will be forfeited.)

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