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Key Medicaid Information for Mississippi for 2014

Protections for the Community Spouse

Community Spouse Resource Allowance (CSRA): Minimum: $117,240
Maximum: $117,240
Increased CSRA: Not permitted. 
Annuities: Actuarially sound annuities are permitted.
Monthly Maintenance Needs Allowance: Minimum: $2,931
Maximum: $2,931
For explanation, click here.

Transfers

Average monthly cost of nursing home care according to state: $5,700 ($187/day)
For explanation, click here.

Income

Is the state an "income cap" state? Yes
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.