Essential Elder Law and Estate Planning Numbers for 2009!
Greetings!
Medicaid: Community Spouse Resource Allowance (spouse living in the community) can keep $109,560.
Income Cap: $2022. Beyond that level of income for the applicant, must do a Qualified Income Trust.
Gift Taxes: Annual exemption increases from $12,000 to $13,000. This has nothing to do with gifts for Medicaid purposes where all gifts made can create a penalty period.
Medicare Premiums: Unchanged from $96.40. (A new year miracle!)
Food Stamps: Assets not in excess of $2000 and income of less than $1127 per month. |