The key figures for Medicaid eligibility are updated frequently. These figures will determine if a person qualifies for long term health care to be paid under Medicaid, as well as what assets a spouse can maintain if one spouse enters a nursing home. These figures change frequently, some on an annual basis as a result of inflation, and other by administrative action. Unfortunately, they are not broadcast by the Department of Human Resources as frequently. Here is where they stand as of January 2012:
New Jersey Medicaid Reference – January, 2012
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Minimum Community Spouse Resource Allowance
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$ 22,728
|
|
Maximum Community Spouse Resource Allowance
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$113,640
|
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Resource Allowance for an Individual
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$ 2,000
|
|
Resource Allowance for a Couple
(both husband and wife in a nursing home)
|
$ 3,000
|
|
Minimum Monthly Maintenance Needs Allowance
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$ 1,839
|
|
Maximum Monthly Maintenance Needs Allowance
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$ 2,841
|
|
Monthly Personal Needs Allowance
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$ 35
|
|
Standard Utility Allowance
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$ 435
|
|
Divestment Penalty Divisor
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$ 7,282
|
|
Income Cap Amount
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$ 2,094
|
|
Home Equity Limit
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$786,000
|
|
|
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If you have questions about New Jersey Medicaid eligibility you can contact Stacey C. Maiden, Esq. at smaiden@feinsuch.com.
