Although there has been no official announcement from the Centers for Medicare & Medicaid Services, Pennsylvania ElderLawAnswers member Jeff Marshall has once again projected next year’s spousal impoverishment thresholds based on the just-released consumer price index for urban consumers. Readers will remember that Marshall's projections for 2013 were right on the money, although he again cautions that his projections may differ slightly from CMS’s ultimate figures if the agency rounds differently. CMS has not yet replied to our request for confirmation; we’ll let you know of any changes.
Marshall’s projections for the new spousal impoverishment allowances for 2014 are as follows:
Minimum Community Spouse Resource Allowance: $23,448
Maximum Community Spouse Resource Allowance: $117,240
Maximum Monthly Maintenance Needs Allowance for the lower 48 states: $2,931
The minimum monthly maintenance needs allowance for the lower 48 states remains $1,938.75 until July 1, 2014.
Marshall’s blog post details how he arrived at these figures.
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