Connecticut Medicaid 2009-2010
Are you ready for the new Connecticut Medicaid eligibility numbers that go into effect on January 1, 2009?
Effective 1/1/09:
The maximum MMNA a community spouse will be allowed to keep is $2,739. This is up from $2,610 for 2008-2009.
The minimum CSPA or “community spouse protected amount” will be $21,912. This is up slightly from $20,880 in 2008-2009.
The maximum CSPA (or assets the community spouse is allowed to keep without a hearing) will be $109,560. This is up from $104,400 in 2008-2009.
Does this mean you will not be able to protect more than $21,912 or $109,560 in assets from Connecticut nursing home costs? Absolutely not. An experienced Connecticut Medicaid attorney can help you protect everything you are entitled to, which in many cases is more than these basic rules provide.
Related posts:
I thought your articles were very helpful. One of my 80 year old parents has been in a nursing home for 4 weeks…hopes to return home but is likely to have serious health issues in not too distant future. My parents own their home & investments jointly without any trusts established and their total estate is about 960,000, including IRAs. What can they do at this point to avoid the ailing spouse having to use up 650,000 (everything but the 200,000 house and 109,560 for CSPA for the healthy spouse) before qualifying for medicaid?
Is the healthy spouse’s $110,000 IRA also subject to being used up/counted in the CSPA?
There are several options that may be available to protect their assets. Health, family relationships, the value and type of assets involved all play a large role in determining the right plan. Review http://title19ct.com/2007/07/23/title19estateplan/ for an example of how I helped a family protect $1 million from nursing home bills. Every case is different however, for a custom and confidential asset protection plan feel free to contact me.