You may qualify for Long-Term Care Medicaid if your financial resources and income are below the statutory threshold. Walser & Herman Law Firm considers how your long-term financial planning can affect your access to this important government benefit.
Effective Jan 1st, 2022, a Medicaid applicant’s gross monthly income may not exceed $2,523.00 (up from $2,382.00). Applicants are unable to have more than $2,000 of countable assets, however the total value of assets that may be owned by an applicant’s well spouse has increased. The community spouse resource allowance cap is now up to $137,400 of countable assets (up from $130,380).