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Key Medicaid Information for Indiana for 2014

Protections for the Community Spouse

Community Spouse Resource Allowance (CSRA): Minimum: $23,448
Maximum: $117,240
Increased CSRA: Permitted. Indiana is now following the income-first rule.
Annuities: Actuarially sound annuities are permitted if they meet the following conditions: a) issued by a commercial insurer (no longer permitted by private individuals); b) are actuarially sound (that is, pay off within the actuarial life of the annuitant) and, c) are in level pay-out mode (no significant variation in payout over the life of the annuity; e.g., no balloon payment).
Monthly Maintenance Needs Allowance: Minimum: $1,939
Maximum: $2,931
For explanation, click here.

Transfers

Average monthly cost of nursing home care according to state: $5,549
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? Yes
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. $543,000
For explanation, click here.