New Medicaid Figures January 1, 2015

Reminders of Medicaid Figures that were adjusted January 1, 2015:

  1. The Community Spouse Protected Amount (CSPA), or the amount of Assets in addition to excluded assets that may be kept by the well spouse, is now increased to half of those assets, capped at $119,220.00, and the minimum CSPA is $23,884.  Ask me how to ensure proper spend down and protection of assets so that you or your loved one can qualify for Medicaid!
  2. The maximum monthly income that one can receive and still qualify for the Connecticut Homecare Program for Elders (CHCPE) is $2,199.00.  However, don’t forget to ask me how to qualify if your income exceeds this amount, with the use of a pooled trust with PLAN of CT.
  3. The maximum home equity exemption is now $828,000.00

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