What are the 2020 ICP Medicaid Figures for Skilled Nursing Care?
Some ICP Medicaid eligibility figures for seniors in need of long term-care are tied to inflation. Each year, the Centers for Medicare and Medicaid Services release the updated eligibility figures. As of April 1, 2020, the eligibility standards are as follows:
Single Applicant Resource Allowance: $2,000
Institutional Spouse Resource Allowance: $2,000
Maximum Community Spouse Resource Allowance: $128,640
Minimum Monthly Maintenance Needs Allowance: $2,114
Maximum Monthly Maintenance Needs Allowance (this is the maximum spousal diversion allowed): $3,216
If you need legal advice for Medicare or Medicaid planning, estate planning, probate and trust administration or VA benefits, the experienced elder law attorneys of Bach, Jacobs & Byrne, P.A. are here to assist you. Call us at (941)906-1231 to set up a consultation.