New York State issued has issued the base numbers to be used for Medicaid qualification for 2010 and they will not increase. An applicant can keep $13,800 in resources and for nursing home Medicaid the community spouse resource allowance ("CSRA") will still fall between $74,820 and $109,560. This is because the Medicaid allowances are tied to the cost of living increases generally given for Social Security income. Social Security payments will not increase for 2010, so Medicaid is not increasing its allowances for individuals or couples. The monthly allowance for community spouse income will likewise remain $2,739.
Even though Medicaid is not changing the numbers that apply to consumers do not think for one moment that medical expenses and long term care pricing will stay stagnant. In speaking with nursing home representatives in Rochester where I practice the fees keep rising for all of the associated expenses of running a home. The assisted living communities are also facing increasing needs and demands from their residents. All costs continue to escalate and the need to engage in long term planning is as important as ever. Contact me or use the handy calendar tool posted to the left to set up your consultation with me. There's no time like the present!
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