Latest Breaking News On - Monthly maintenance needs allowance - Page 1 : comparemela.com

Each year, the Centers for Medicare & Medicaid Services (“CMS”) releases the new federal guidelines for individuals whose spouses are applying for or receiving Medicaid for long-term care. CMS recently released the new 2024 numbers for income and asset eligibility for Medical Assistance for Long-Term Care (“Medicaid”). The new numbers include the revised Spousal Impoverishment Standards. The new numbers will take effect January 1, 2024. When determining financial eligibility for Medicaid, the asset limit is based on the applicant’s income. Where the applicant’s gross monthly income for 2024 is less than $2,829, the asset limit is $8,000. Where the applicant’s […]

United statesCenters for medicare medicaid servicesCommunity spouse resource allowanceMedicaid servicesMedical assistanceLong term careSpousal impoverishmentMonthly maintenance needs allowanceImpoverishment standards