The Centers for Medicare and Medicaid Services has released its Spousal Impoverishment Standards for 2017 and once again they confirm the earlier projections of Pennsylvania ElderLawAnswers members Robert Clofine and Jeff Marshall, who based their estimates on the consumer price index for urban consumers for September and which we reported in late October.
The official spousal impoverishment allowances for 2017 are as follows (we include Medicaid's home equity limits, which the attorneys did not project):
Minimum Community Spouse Resource Allowance: $24,180
Maximum Community Spouse Resource Allowance: $120,900
Maximum Monthly Maintenance Needs Allowance: $3,022.50
The minimum monthly maintenance needs allowance for the lower 48 states remains $2,002.50 ($2,502.50 for Alaska and $2,302.25 for Hawaii) until July 1, 2017.
Home Equity Limits:
Minimum: $560,000
Maximum: $840,000
For CMS's complete chart of the 2017 SSI and Spousal Impoverishment Standards, click here.
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