2014 Elder Law Numbers

The Centers for Medicare and Medicaid Services (CMS) has released the new Medicare premiums, deductibles, and co-payments for 2014:

  • Basic Part B premium: $104.90/month (no change from 2013)
  • Part B deductible: $147 (no change from 2013)
  • Part A deductible: $1,216 (was $1,184 in 2013)
  • Co-payment for hospital stay days 61-90: $304/day (was $296 in $2013); Co-payment for hospital stay days 91-150: $608/day (was $592 in 2013)
  • All costs for each day beyond 150 days
  • Skilled nursing facility co-payment, days 21-100: $152/day (was $148 in 2013)

Also, note that individuals with annual incomes over $85,000 and married couples with annual incomes over $170,000 will pay a higher Medicare Part B premium, with a minimum monthly premium of $146.90/month (no change from 2013).

CMS has also released the 2014 guidelines for how much spouses of institutionalized Medicaid recipients may keep.

  • Maximum Community Spouse Resource Allowance:  $117,240 (was $115,920)
  • Minimum Community Spouse Resource Allowance:  $23,448 (was $23,184)
  • Maximum Monthly Maintenance Needs Allowance:  $2,931 (was $2,898)
  • Minimum Monthly Maintenance Needs Allowance:  $1938.75 (thru June 30, 2014, was $1,891)
  • Medicaid Waiver Benefits Income Cap for home care (PA & NJ) and assisted living (NJ only):  $2,162 per month (was $2,130)
  • Pennsylvania Medicaid penalty divisor: $8,407.17 ($276.40/day), as of 1/1/13
  • New Jersey Medicaid penalty divisor:  $7,787 ($261/day) as of 11/1/12
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