CMS Confirms That Spousal Impoverishment Figures Will Remain the Same for 2016
The Centers for Medicare and Medicaid Services (CMS) has announced that the spousal impoverishment and home equity limit figures will not change from 2015 levels next year. This is because there was no increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).
This means that the 2016 community spouse resource allowance (CSRA) will continue to be a maximum of $119,220 and a minimum of $23,844. The maximum monthly maintenance needs allowance will remain $2,980.50 a month and the income cap stays at $2,199. Medicaid’s home equity limits also remain unchanged at a minimum of $552,000 and a maximum of $828,000.
For CMS’s page on all the SSI and spousal impoverishment standards for 2016, click here.
David Wingate is an elder law attorney at the Elder Law Office of David Wingate, LLC. The elder law office services clients with powers of attorneys, living wills, Wills, Trusts, Medicaid and asset protection. The Elder Law office has locations in Frederick and Montgomery Counties, Maryland.