New Numbers for 2009 have been released regarding Medicaid qualification.
Medicaid: Community Spouse Resource Allowance is $109, 560.
Income Cap. is $2, 022. Beyond that level of income for the applicant, a Qualified Income Trust must be done.
Gift Taxes: Annual exemption has increased from $12, 000 to $13, 000. This has nothing to do with gifts for Medicaid purposes where all gifts made can create a penalty period.
Medicare Premiums: The premium remains the same as the previous year at $96.40.
Food Stamps: Assets not in excess of $2000 and income of less than $1, 127 to qualify.
We can help you understand how you might be able to qualify for Medicaid so contact our offices with any questions.
Monday, January 12, 2009
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