NJ Medicaid Key Figures - Starting July 2009
.jpg){kind=small}
The key figures for Medicaid eligibility are updated frequently. These figures will determine if a person qualifies for long term health care to be paid under Medicaid, as well as what assets a spouse can maintain if one spouse enters a nursing home. These figures change frequently, some on an annual basis as a result of inflation, and other by administrative action. Unfortunately, they are not broadcast by the Department of Human Resources as frequently. Here is where they stand as of July 2009:
New Jersey Medicaid Reference – July, 2009
|
Minimum Community Spouse Resource Allowance |
$21,912.00 |
|
Maximum Community Spouse Resource Allowance |
$109,560.00 |
|
Resource Allowance for an Individual |
$2,000.00 |
|
Resource Allowance for a Couple (both husband and wife in a nursing home) |
$3,000.00 |
|
Minimum Monthly Maintenance Needs Allowance |
$1,750.00 |
|
Maximum Monthly Maintenance Needs Allowance |
$2,739.00 |
|
Monthly Personal Needs Allowance |
$35.00 |
|
Shelter Standard |
$514.00 |
|
Standard Utility Allowance |
$411.00 – heating $251.00 – non-heating $29.00 – telephone |
|
Divestment Penalty Divisor |
$7,282.00 |
|
Income Cap Amount |
$2,022.00 |
|
Home Equity Limit |
$750,000.00 |
|
|
|
