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Updated Social Security and Medicaid 2015 Figures

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The 2015 figures for eligibility for Medicaid and Supplemental Security Income (SSI) are effective now that we are into the new year.  The resource limit for a single person stays the same for the SSI (Supplemental Security Income) and long term care Medicaid programs at $2,000.  For a spouse at home of a person qualifying for long term care Medicaid, the resource limit has increased to $119,220.  The income limit for SSI is now $733 per month which then makes the Medicaid income limit $2,199 (always 3 times the SSI limit).  Medicare part B monthly premiums stayed the same at at $104.90.  The monthly personal needs allowance for people on Medicaid in a nursing home remains at $105.  Finally, the home equity exclusion for Medicaid eligibility went up to $552,000.  For a chart of these figures click here.

Happy New Year!





Travis D. Finchum, Esq.
Board Certified Elder Law Attorney
Co-Trustee, Guardian Trusts