The government finally released its figures for spousal impoverishment and Medicaid for 2017.
|Minimum Monthly Maintenance Needs Allowance||$ 2,002.50|
|Maximum Monthly Maintenance Needs Allowance||$ 3,022.50|
|Community Spouse Monthly Housing Allowance||$ 600.75|
|Community Spouse Resource Allowance||$120,900.00|
|Home Equity Limit (single person)||$560,000.00|
These numbers are very, very important for a married couple with one spouse in the nursing home.
The Minimum Monthly Maintenance Needs Allowance, for instance, is the amount of income the community spouse is able to keep from the institutionalized spouse's income. As an example of the spouse at home and his or her income is as follows:
The spouse at home (the community spouse) has income of $1,000 per month. Her husband, the institutionalized spouse, is applying for Medicaid in the nursing home. His income is $2,000 per month. Here, once the husband is on Medicaid, the rules allow the community spouse to divert her husband's income, at a minimum, of $1,002.50 per month and up to all of his income. At most, the spouse at home would be able to keep all of the institutionalized spouse's income. The amount able the spouse at home may keep is based upon his/her out of pocket housing costs.
Frankly, the rules for spousal diversion are fairly complex, but the main takeaway is that the community spouse can keep a minimum amount of income so they do not become impoverished themselves.
I have updated our full list of Medicaid eligibility numbers as well.
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