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Wednesday, July 26, 2017

Spousal Impoverishment Standards

Krause Financial Services announced that on July 1, 2017, Medicaid changed the spousal impoverishment standards for singles and couples who need Medicaid care and assistance. 

While some of the spousal impoverishment standards, such as maximum community spouse income maintenance allowance and community spouse minimum and maximum resource allowances are adjusted each January, section 1924 of the Social Security Act states that the community spouse’s MMMNA be adjusted with changes to the federal poverty level and be effective July 1st of each year.

The community spouse’s monthly housing allowance, which is a basis of determining if the community spouse may have excess shelter allowance, is calculated based on a percentage of the MMMNA. This figure is also adjusted each July 1st as well.

These figures are expected to update again January 1, 2018.

Use the link below to see and print this information. 

https://www.medicaidannuity.com/wp-content/uploads/2017/06/July-2017-ssi-and-spousal-impoverishment-standards.pdf





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