As a result of the Cost of Living Increase for Social Security and other federal benefits, several key numbers for Medicaid Long Term Care (ALTCS here in Arizona) and Medicare have changed for 2014 as well.
Medicaid
Maximum Income for Long Term Care Eligibility: $2,163
Minimum Community Spouse Resource Assessment (“CSRA”): $23,448
Maximum CSRA: $117,240.
Minimum Monthly Needs Allowance: $1891.25 (through 7/1/14)
Maximum Monthly Needs Allowance: $2,931
Maximum Home Equity Allowance: $814,000
Medicare Premiums, Deductibles and Co-Pays
Basic Part B Premium: $104.90 (no change)*
Part B Deductible: $147 (no change)
Part A Deductible: $1,216
Co-Pay for hospital stays of 1 – 60 days: 0 after payment of deductible
Co-Pay for hospital stays, days 61-90: $304/day
Co-Pay for hospital stays, days 91 +: $608/day
Skilled Nursing Facility Co-pay, days 21 – 100: $152/day (No co-pay for days 1-20)
* Higher premiums may apply to individuals with annual incomes greater than $85,000 or married couples with annual incomes greater than $170,000 OR those who did not sign up for Part B when first eligible. For more information, go to www.Medicare.gove/your medicare-costs/costs at a glance.
Speak Your Mind