Medicaid Figures Adjusted July 1, 2014

1. The average cost of one month in a nursing home, per the Department of Social Services (DSS), has increased from $11,581/month to $11,851/month. Remember that DSS uses this figure to calculate any penalty period associated with any gift made during the look-back period, so an increase in the divisor indicates that a shorter penalty period will result from the gift made this year than in years past. It is also the monthly amount authorized to be transferred without penalty under a Transfer For Other Valuable Consideration, so ask me for more information!
2. The Minimum Monthly Needs Allowance (MMNA) for the Community Spouse has increased to $1,966.25.
3. Shelter Costs have increased to $589.88

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