The "community spouse resource allowance" or CSRA assures that the spouses of Medicaid applicants will be able to keep at...Read more
Good question. Yes, you should be able to accumulate savings above the $115,000 resource allowance. I always compare this limit to dancing the limbo. You have to get under it so that your husband can be eligible for Medicaid, but after he has been approved you no longer have to stay under the limit. My only concern is that while this is the general rule, there may be some states that have a different regulation. To be sure, you’ll need to consult with an elder law attorney in your state.
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Local Elder Law Attorneys in Ashburn, VA
Susan Pollack served as Chairperson of the Falls Church Senior Citizens Commission from 1997 to 2011 and was on the Executive Board of the Falls Church Education Foundation. She has also served on the Board of Directors of the Alzheimer’s Association of the National Capital Area and is a member of the Arlington B...
Margaret A. O’Reilly is an estate planning and elder law attorney with over thirty-five years of legal experience. Attorney O’Reilly graduated from Duke University with a degree in psychology, and received her law degree from Northeastern University School of Law in Boston, Massachusetts. For over 15 y...