Updated Social Security and Medicaid 2015 Figures

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


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