The Centers for Medicare and Medicaid Services has released its Spousal Impoverishment Standards for 2015.
The official spousal impoverishment allowances for 2015 are as follows (we include Medicaid’s home equity limits):
Minimum Community Spouse Resource Allowance: $23,844
Maximum Community Spouse Resource Allowance: $119,220
Maximum Monthly Maintenance Needs Allowance: $2,980.50
The minimum monthly maintenance needs allowance for the lower 48 states remains $1,966.25 ($2,457.50 for Alaska and $2,261.25 for Hawaii) until July 1, 2015.
Home Equity Limits:
Minimum: $552,000
Maximum: $828,000
For CMS’s complete chart of the 2015 SSI and Spousal Impoverishment Standards, click here.
For more information about protecting your assets click here.
Regards,
Brian A. Raphan, Esq.