Effective January 1, 2018 through December 31, 2018
Maximum Income Allowed without an Income Trust $2,250/Month
Maximum Income Allowed With a Trust $4,422/Month
Community Spouse Maximum Protected Resource Amount $123,600.00
Community Spouse Minimum Protected Resource Amount $25,000.00
Community Spouse Income Allowance $3,090.00
Maximum Resource Reserve for Nursing Home Resident $2,000.00
Monthly Nursing Home Resident Personal Needs Allowance $50.00
Prepaid Funeral Maximum $10,000.00/Individual according to Oklahoma statute, but amount is unlimited under federal law. Funeral agreements must be irrevocably elected and assigned to shelter the funds.
Medicaid Spend Down-Legal assistance is required to obtain maximum benefit. Oklahoma has a five year look back. Advance planning and the use of a Medicaid Shield Trust can protect important legacy assets from Medicaid spend down.
The above information is for informational purposes.