2017 Social Security and Medicaid Income and Asset Limits
The 2017 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 ($2,000) for SSI and long
term care Medicaid programs.
For a spouse at home of a person qualifying for long term care
Medicaid (often referred to as the community spouse), the resource limit has
increased to $120,900.
The income limit for SSI is now $735 per month which then makes
the Medicaid income limit $2,205 (always 3 times the SSI limit). Medicare
part B monthly premiums have increased. According to www.medicare.gov, the standard Part B
premium amount has increased to $134 per month. However, most people will pay
less. The average is $109. 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 $560,000. For a chart of
these figures click here.
Kole J. Long
Elder Law Attorney
Co-Trustee, Guardian Trusts
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