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Taxation & Estate Planning
: New Jersey Estate & Elder Planning BlogKey NJ Medicaid Figures - Starting 2008
By Deirdre R. Wheatley-Liss, Esq.
In starting 2008, some key Medicaid figures for New Jersey:
Minimum Community Spouse Resource Allowance - $20,880.00
Maximum Community Spouse Resource Allowance - $104,400.00
Resource Allowance for an Individual - $2,000.00
Resource Allowance for a Couple (both husband and wife in a nursing home) - $3,000.00
Minimum Monthly Maintenance Needs Allowance - $1,711.25
Maximum Monthly Maintenance Needs Allowance - $$2,610.00
Monthly Personal Needs Allowance - $35.00
Shelter Standard - $514.00
Standard Utility Allowance -
$344.00 ? heating
$210.00 ? non-heating
$29.00 ? telephone
Divestment Penalty Divisor - $6,655.00
Income Cap Amount - $1,869.00
Home Equity Limit - $750,000.00
Full post as published by New Jersey Estate & Elder Planning Blog on January 08, 2008 (boomark / email).
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