When one spouse is in a nursing home and applying for Medicaid, planning has to take into account the possibility that the sp...Read more
Minimum Income for Community Spouse Will Increase July 1st
- February 11th, 2015
The minimum monthly maintenance needs allowance (MMMNA), the minimum amount of monthly income that a community spouse (the spouse of a nursing home resident getting Medicaid benefits) is entitled to receive, will rise from its current $1,966.25 per month to $1,991.25 on July 1, 2015. If the community spouse's income falls below his or her MMMNA, the shortfall is made up from the nursing home spouse's income or by allocating additional resources to the community spouse.
The newly released figure is the least that the MMMNA can be in any state. In some states, the minimum income level may be as high as $2,980.50, a figure that changes every January. (The community spouse may keep any income above the minimum amount, as long as the income is in his or her name.)
Local Elder Law Attorneys in Ashburn, VA
Felinton Elder Law & Estate Planning Centers
Mindy Felinton concentrates in the areas of Medicaid planning, Veterans' Benefits, asset protection, nursing home planning, elder law, wills, estate planning, trusts, living wills, powers of attorney, probate administration and trust administration and began her legal career 30 years ago as an Assistant State Attorney...
The Estate Planning & Elder Law Firm PC
Bill founded The Estate Planning & Elder Law Firm, P.C. in 1994. Bill limits his practice to the areas of estate planning and administration, incapacity planning, Medicaid, asset protection planning, and elder law. He is one of (15) fifteen attorneys practicing in Virginia, Maryland and the District of Columbia, ce...
Farr Law Firm
In practice since 1987, Fairfax Attorney Evan Farr is widely recognized as one of the leading Elder Law, Estate Planning, and Specials Needs attorneys in Virginia and one of foremost experts in the Country in the field of Medicaid Asset Protection and related Trusts. Evan Farr has been quoted or cited as an expert by n...
For more details on the MMMNA, click here.
For more on Medicaid's treatment of income, click here.
Last Modified: 02/11/2015