NJ Medicaid Key Figures - 2012
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 January 2012:
New Jersey Medicaid Reference – January, 2012
|
Minimum Community Spouse Resource Allowance |
$ 22,728 |
|
Maximum Community Spouse Resource Allowance |
$113,640 |
|
Resource Allowance for an Individual |
$ 2,000 |
|
Resource Allowance for a Couple (both husband and wife in a nursing home) |
$ 3,000 |
|
Minimum Monthly Maintenance Needs Allowance |
$ 1,839 |
|
Maximum Monthly Maintenance Needs Allowance |
$ 2,841 |
|
Monthly Personal Needs Allowance |
$ 35 |
|
Standard Utility Allowance |
$ 435 |
|
Divestment Penalty Divisor |
$ 7,282 |
|
Income Cap Amount |
$ 2,094 |
|
Home Equity Limit |
$786,000 |
If you have questions about New Jersey Medicaid eligibility you can contact Stacey C. Maiden, Esq. at smaiden@feinsuch.com.
