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Key Medicaid Information for North Carolina for 2011
| Protections for the Community Spouse | |
|---|---|
Community Spouse Resource Allowance (CSRA): |
Minimum: $21,912 |
Increased CSRA: |
Permitted in theory, but it is very rare. |
Annuities: |
Actuarially sound annuities are permitted. |
Monthly Maintenance Needs Allowance: |
Minimum: $1,821.25 |
| For explanation, click here. | Transfers |
Average monthly cost of nursing home care according to state: |
$5,500 |
| 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. |
$506,000 |
| For explanation, click here. | This information was kindly provided by Robert Mason, a member of our network of qualified elder law attorneys in Asheboro, N.C.. |
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