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In Medicaid Spend Down Each State has different amounts and rules In Developing an understanding of Medicaid spend down limits Married assets amount to use for baseline is 130,000 with income of 3,050 a month Single assets amount for baseline is 2,000 and with income of 50 a month When developing a plan First we use the baseline amount Then you look up your state amount for assets and income and your year Once you know, your amount of assets and income Remember this amount each year keep changing Then you can finalize your plan for protection Explain on how the state of New York works for 2021 In 2021, the community spouse can retain half of the couple's joint assets, up to $130,380, as the chart indicates above. However, if the couple has more limited assets, the non-applicant spouse is able to retain 100% of their joint assets, up to $74,820. general information each state has own amount / good starting point / Each state is different / need to work with your team / need to revised and make very simple like power point simple / give you ball park idea / remember each state has a different amount We help with type of Medicaid spend information click to set up meeting
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LIFE | BUSINESS | HOMEOWNERS | AUTO | Ask the Insurance Guy |
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