What is the Income Cap for Medicaid

2018 Elder Law Numbers

The 2018 Elder Law Numbers have been announced by the various government agencies which administer the programs.  They are as follows:

The Centers for Medicare and Medicaid Services (CMS) has released the new Medicare premiums, deductibles, and co-payments for 2018:

  • Basic Part B premium: $134.00/month (was $109.00 in 2017)
  • Part B deductible: $183 (same as 2017)
  • Part A deductible: $1,340 (was $1,316 in 2017)
  • Co-payment for hospital stay days 61-90: $335/day (was $329 in 2017); Co-payment for hospital stay days 91-150: $670/day (was $644 in 2017)
  • All costs for each day beyond 150 days
  • Skilled nursing facility co-payment, days 21-100: $167.50/day (was $164.50 in 2017)

Individuals with annual incomes over $85,000 and married couples with annual incomes over $170,000 will pay a higher Medicare Part B premium, with a minimum monthly premium of $187.50.

CMS has also released the 2018 guidelines for how much spouses of institutionalized Medicaid recipients may keep.

  • Maximum Community Spouse Resource Allowance:  $123,600 (was $120,900 in 2017)
  • Minimum Community Spouse Resource Allowance:  $24,720 (was $24,280 in 2017)
  • Maximum Monthly Maintenance Needs Allowance:  $3,090.00 (was $3,022.50 in 2017)
  • Minimum Monthly Maintenance Needs Allowance:  $2,030.00 (thru June 30, 2018)
  • Medicaid Income Cap:  $2,250.00 per month (was $2,205 in 2017)
  • Medicaid penalty divisor: $8,944.00 (was $8,662 last year)

2018 VA “Aid and Attendance” Figures:

Single Veteran………………………………. $1,830/mo.

Married Veteran………………………………$2,169/mo.

Widowed Spouse………………………….. $1,176 /mo.

 

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