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Medicaid 2024 Update

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AS OF JANUARY 1, 2024 THE FOLLOWING AMOUNTS WILL BE USED TO DETERMINE MEDICAID ELIGIBILITY.

 

2024 Asset and Income Allowances One Person
Income Level $1,677/per month
Medicaid Resource Level $30,182

 

2024 Community Spouse Allowances Community Spouse
Minimum Monthly Maintenance Needs Allowance – MMMNA $3,853.50
Maximum Community Spouse Resource Allowance – CSRA $154,140
Minimum Community Spouse Resource Allowance $74,820

 

EFFECTIVE JANUARY 1, 2024 THE FOLLOWING AMOUNTS WILL BE USED TO CALCULATE PENALTY PERIODS FOR NON-EXEMPT ASSET TRANSFERS.

 

2024 Medicaid Regional Rates for Calculating Penalty Periods Monthly Rates
Long Island $14,668
New York City $14,273
Northern Metropolitan Area $14,165
Northeastern Area $13,235
Central $12,196
Rochester $14,419
Western Area $12,241

 

2024 New York Homestead Exemption $1,071,000

 

For more information on Medicaid issues, or to schedule an initial consultation, please reach out to Nancy Levitin, Esq. or Gregory S. Choi, Esq. in our nursing home department at 516-328-2300.

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For further information about our experience, please contact our law firm on Long Island at 516-328-2300, in Brooklyn at 718-215-5300, White Plains at 914-607-7010, Rochester at 585-218-9999 or Albany at 518-535-9477 to schedule an initial consultation.