As of January 1, 2023, the Medicaid income limit will increase to $1,563.00 for and individual and $2,106.00 for a couple. This is a significant increase from the current levels and you may be able to keep more of your monthly income. If you utilize a pooled income trust that allowed you to qualify for Medicaid and or Supplemental Security Income, please contact our office to address how these changes will affect you.
Similarly, the Medicaid Medically Needy resource level for SSI related individuals will also increase for an individual from $ 16,800 ($24,600 for a couple) to $28,133 ($37,902 for a couple).
As always, please do not hesitate to contact our office if you have any questions or concerns regarding your Medicaid eligibility.
ALWAYS FOR YOU
For more information on Medicaid income limits, or to schedule an initial consultation, please reach out to Moriah Adamo, Esq. or Ellyn Kravitz, Esq. in our elder law department at 516-328-2300 or visit www.abramslaw.com.
MORIAH ADAMO is a Partner at Abrams Fensterman, LLP. She is the Director of the Elder Law Department in our Lake Success office. Ms. Adamo represents clients through all phases of estate planning and maximizes governmental benefits from planning through appeals.
ELLYN S. KRAVITZ is a Partner at the firm and concentrates her practice in elder law, special needs planning, estate planning, estate administration and guardianships. Ms. Kravitz is an authority on issues affecting adults and children with disabilities, and our senior population.