2015 Spousal Impoverishment and Home Equity Figures Released
The Centers for Medicare and Medicaid Services has released its Spousal Impoverishment Standards for 2015. The official spousal impoverishment allowances for 2015 are as follows:
Minimum Community Spouse Resource Allowance: $23,844
Maximum Community Spouse Resource Allowance: $119,220
Maximum Monthly Maintenance Needs Allowance: $2,980.50
The minimum monthly maintenance needs allowance for the lower 48 states remains $1,966.25 ($2,457.50 for Alaska and $2,261.25 for Hawaii) until July 1, 2015.
Home Equity Limits:
David Wingate is an elder law attorney, and practices in Frederick County, and Montgomery county, Maryland.