2012 Elder Law Numbers

The Centers for Medicare and Medicaid Services (CMS) has released the new Medicare premiums, deductibles, and co-payments for 2011:

  • Basic Part B premium: $99.90/month (higher for higher income beneficiaries)
  • Part B deductible: $140 (was $162)
  • Part A deductible: $1,156 (was $1,132)
  • Co-payment for hospital stay days 61-90: $289/day (was $283)
  • Co-payment for hospital stay days 91-150: $578/day (was $566)
  • All costs for each day beyond 150 days
  • Skilled nursing facility co-payment, days 21-100: $144.50/day (was $141.50)

Individuals with annual incomes over $85,000 and married couples with annual incomes over $170,000 will pay a higher Medicare Part B premium.

CMS has also released the 2012 guidelines for how much spouses of institutionalized Medicaid recipients may keep:

  • Maximum Community Spouse Resource Allowance: $113,640
  • Minimum Community Spouse Resource Allowance:  $22,728
  • Maximum Monthly Maintenance Needs Allowance:  $2,841
  • Minimum Monthly Maintenance Needs Allowance:  $1,839 (thru June 30, 2012)
  • Medicaid Waiver Benefits Income Cap for home care (PA & NJ) and assisted living (NJ only):  $2,094 per month

Veteran’s Benefits (Aid and Attendance, maximum pension):

  • Surviving Spouse of Veteran: $1,094.00 monthly
  • Single Veteran: $1,703.00 monthly
  • Married Veteran: $2,019.00 monthly
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