Medicaid: Important Update


By Moriah Adamo and

Medicaid Resources and Income Allowances for 2014

As of January 1, 2014 Medicaid Income and Resources Allowances will increase as follows:

INSTITUTIONALIZED INDIVIDUALS:

Resource Allowance: $ 14,550.00

Income Allowance: $ 50.00

Maximum Community Spouse Resource Allowance: $ 117,240.00

Community Spouse Income Allowance: $ 2,931.00

INDIVIDUALS IN THE COMMUNITY:

Single Individual Resource Allowance: $ 14,550.00

Married Couple Resource Allowance (Both Applying) $ 21,450.00

Individual Income Allowance: $ 809.00

Married Couple Income Allowance (Both Applying) $ 1,192.00

Please contact Moriah Adamo, Esq. at (516) 328-2300 Ext. 259 or madamo@abramslaw.com or Katie A. Barbieri, Esq. at (516) 328-2300 Ext. 249 or kbarbieri@abramslaw.com at Abrams, Fensterman, Fensterman, Eisman, Formato, Ferrara & Wolf, LLP if you should have any questions regarding the new rates or any other Medicaid matters.

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