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:

Minimum:   $552,000

Maximum:  $828,000

David Wingate is an elder law attorney, and practices in Frederick County, and Montgomery county, Maryland.