UPDATE: 2023 New Medicaid Eligibility Figures - Makofsky Valente Law Group, P.C.
UPDATE: 2023 New Medicaid Eligibility Figures

With the New Year come new Medicaid income and resource eligibility figures which became effective January 1, 2023. Although Medicaid is a program for those who have very little in income and assets/resources, those who currently have more than the Medicaid eligibility rules allow can still receive benefits without spending down their life savings. Here are the current requirements:

A Medicaid applicant can have no more than $28,133 in non-qualified resources. Residences and retirement funds continue to be protected in certain circumstances.

A Medicaid home care applicant who is 65 or older can retain monthly income of $1583.

The healthy spouse residing at home (the “community spouse”) whose spouse is a resident of a nursing home can retain $3,715.50 in monthly income. Where the community spouse does not receive $3,715.50 in monthly income, the community spouse can receive additional income from the sick spouse until the community spouse’s monthly income reaches $3,715.50.

Spousal Impoverishment budgeting rules allow the community spouse to have available resources of $74,820 to $148,620.

If you are unsure whether you or a loved one qualify for Medicaid benefits based on the above information, please give us a call or email us! As knowledgeable Elder Law attorneys, we can provide the legal advice you need to achieve Medicaid eligibility without losing all income or spending down a lifetime of assets.

SHARE:
The owner of this website has made a committment to accessibility and inclusion, please report any problems that you encounter using the contact form on this website. This site uses the WP ADA Compliance Check plugin to enhance accessibility.