Late in December, the New York State Office of Health Insurance Programs issued a message regarding the income levels and figures used to determine eligibility for Medicaid in 2016. Consumer prices actually fell during 2015, so almost every measure will remain the same in 2016. This means that in New York in 2016, as in 2015, an individual 65 and over must have less than $14,850 in available resources (assets) to qualify for Medicaid.
Also, if your spouse is institutionalized or living in a nursing home, you are permitted to keep some of your spouse’s income, if your own income is less than what Medicaid refers to as the Minimum Monthly Maintenance Needs Allowance (MMMNA). The MMMNA will remain the same in 2016 as it was in 2015, at $2,980.50. If you are currently receiving income in excess of the MMMNA, you may be asked to contribute twenty-five percent (25%) of your excess income to your spouse’s cost of care.
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