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Long Term Care Insurance  ▪  Group Plans  ▪  Medicare & Medicaid

2010 Medicaid Spend Down Requirements

Married Couples:

A spouse in a nursing home may transfer to the community dwelling spouse up to a maximum of $109,560 in assets (excluding a home and automobile).

The spouse in a nursing home may transfer up to $2,739 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 for your Medicaid or Medi-Cal spend down requirements.

 

Under OBRA 1993, all States are required to seek, from an estate, recovery of money paid by Medicaid.