Conference-1+325w2018 MEDICAID DOLLAR AMOUNTS

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.