|1. CSRA Minimum a||$26,076||1/1/21
|2. CSRA Maximum a||$130,380||1/1/21|
|3. Minimum MMNA b||$2,155/month||7/1/20|
|4. Maximum MMNA a||$3,259/month||1/1/21
|5. Shelter Standard c|
|6. Personal Needs Allowance||$45/month||7/1/07|
|7. Home Maintenance Deduction||$816.10 (6 month limit)||1/1/21|
|8. Penalty Divisor||$11,099.04/month|
|9. Resource Limit||$2,400 if income ≥ $2,382/month,|
$8,000 if income <$2,382/month
|10. Excess Home Equity Limit||$603,000||1/1/21|
|a – Annual CPI Adjustment|
b – 150% of poverty level—family of 2
c – 30% of Minimum MMNA
These figures compiled as a service of Sykes Elder Law, LLC.
Related Medicaid Planning Posts
If you are looking for more information about Medicaid Planning, here are some of our favorite blog posts. You can also click here for all of our Medicaid Planning posts.
- 7 Costliest Mistakes to Avoid When a Spouse Enters a Nursing Home - Federal law provides a number of protections for a Medicaid applicant’s spouse (also known as a “community spouse”). Problem is, too few people know of these protections and too many couples fail to take advantage of them.
- Why use an elder law attorney to help you qualify for Medicaid? - Imagine that your husband recently suffered a stroke. After a stay in the hospital, he now resides in a nursing home. His doctor tells you your husband will not likely improve and will need to stay at the home indefinitely.
- What is a Community Spouse Resource Allowance? 5 simple steps to estimate - A Medicaid applicant’s spouse shouldn’t become impoverished, according to federal law. One protection for the spouse is the community spouse resource allowance. (Another is the monthly maintenance needs allowance (or MMNA) which you can read about here.) The community spouse resource allowance (CSRA) gets its name because it is an allowance of resources (money or other […]