Monday, February 2, 2015

Key Information for Rhode Island Nursing Home Medicaid Coverage for 2015

Protections for the Community Spouse

Community Spouse Resource Allowance (CSRA):Minimum: $23,844
Maximum: $119,220
Increased CSRA:Not permitted. 
:Actuarially sound annuities are permitted.
Monthly Maintenance Needs Allowance:Minimum: $1,966.25
Maximum: $2,980.50
For explanation, click here.

Transfers

Average monthly cost of nursing home care according to state:$9,113
For explanation, click here.
Has a Long-Term Care Partnership program been implemented?Yes
For explanation, click here.

Income

Is the state an "income cap" state?No
For explanation, click here.

Estate Recovery

Has the state expanded the definition of "estate" beyond the probate estate?No
Has the state included a hardship provision in its estate recovery plan?Yes
For explanation, click here.

Home Equity Limit

The state Medicaid program will not cover long-term care services for those with home equity above this limit, with certain exceptions.$552,000
For explanation, click here.

If you need assistance understanding how any of these numbers impact you or a family member's eligibility for nursing home coverage through medicaid, or  with a probate,  estate planning or other elder law matters call the offices of Fabisch Law, L.L.C. to set up a consultation with Rhode Island Nursing Home Lawyer Matthew Fabisch at 401-324-9344.