2020 Medicare Numbers
The Centers for Medicare and Medicaid Services (CMS) has released the new Medicare premiums, deductibles, and co-payments for 2020:
Basic Part B premium:………………………………………..$144.60/month (was $135.50 in 2019)
Part B deductible:……………………………………………… $198 ($185.00 in 2019)
Part A deductible:………………………………………………$1,408 (was $1,364 in 2019)
Co-payment for hospital stay days 61-90:…………….. $352/day (was $341 in 2019)
Co-payment for hospital stay days 91-150:……………. $704/day (was $682 in 2019)
All costs for each day beyond 150 days
Skilled nursing facility co-payment, days 21-100:…. $176/day (was $170.50 in 2019)
Also, note that individuals with annual incomes over $87,000 and married couples with annual incomes over $174,000 will pay a higher Medicare Part B premium, with a minimum monthly premium of $202.40.
2020 Medicaid Numbers
CMS has also released the 2020 guidelines for how much spouses of institutionalized Medicaid recipients may keep.
Maximum Community Spouse Resource Allowance:………$128,640 (was $126,420 in 2019)
Minimum Community Spouse Resource Allowance:…. $25,728 (was $25,284 in 2019)
Maximum Monthly Maintenance Needs Allowance:…. $3,216 (was $3,160.50 in 2019)
Minimum Monthly Maintenance Needs Allowance:….. $2,114 (thru June 30, 2020)
Medicaid Waiver Benefits Income Cap:…………………… $2,349.00 per month (was $2,313 in 2019)
Pennsylvania Medicaid Penalty Divisor:…………………… $10,732.83 ($352.86/day), as of 1/1/20
New Jersey Medicaid Penalty Divisor:…………………….. $351.84/day, since 4/1/19
2020 VA Aid and Attendance
Single Veteran…………………… $1,911/mo.
Married Veteran……………….. $2,266/mo.
Widowed Spouse………………. $1,228/mo.
