2007
Medicaid Spend Down Requirements
Married Couples:
A spouse in a nursing home may
transfer to the community dwelling spouse up to a maximum of
$104,400 in
assets (excluding a home and automobile).
The spouse in a nursing home may
transfer up to $2,610 in monthly income to the community dwelling spouse.
Singles:
Federal Law mandates that a
single individual in a nursing home may keep $2,000 in assets.
Federal law states that a single
individual may retain $30 a month in income while in a nursing home.
Source:
ElderLawAnswers and U.S. Department
of Health & Human Service
Please check with your State's
Department of Public Aid for your Medicaid spend down requirements.
Under OBRA 1993, all States are
required to seek, from an estate, recovery of money paid by Medicaid.
