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Margolis & Bloom
617.267.9700
firm@margolis.com
Boston, Dedham, Framingham, Woburn
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CMS Releases the Spousal Impoverishment Numbers for 2014
The expense of nursing home care - which ranges from $5,000 to $8,000 a month or more - can rapidly deplete the lifetime savings of elderly couples. In 1988, Congress enacted "spousal impoverishment" provisions to protect the spouse who is still living at home. These provisions help ensure that the community spouse had adequate resources.
Below are figures for 2014 that are frequently used in the elder law practice or are of interest to clients.
Medicaid Spousal Impoverishment Figures for 2014
- The new minimum community spouse resource allowance (CSRA) is $23,448 and the new maximum CSRA is $117,240.
- The new maximum monthly maintenance needs allowance is $2,931. The minimum monthly maintenance needs allowance remains $1,891.25 ($2,365 for Alaska and $2,176.25 for Hawaii) until July 1, 2014.
Medicaid Home Equity Limits
- Minimum: $543,000; Maximum: $814,000
Income Cap
- The income cap for 2014 applicable in "income cap" states will be $2,163 a month.
For the CMS document announcing the 2014 figures, click here.
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Earn 2 CEUs at our next Law School for Social Workers
Join Attorneys D'Agostino and Vidoli on Thursday, December 12th, from 9:00 to 11:00 a.m. at the Zelma Lacey House in Charlestown, as they host our next Law School for Social Workers. Topics will include MassHealth coverage for care in the community and guardianship. Social Workers will receive 2 CEUs and the program is free of charge.
Click here to learn more and to register. |
Nursing Homes Are Not the Enemy
Some elder law attorneys
have been advertising in The Boston Globe and on the radio in a way that implies that nursing homes are trying to take the money of seniors and deprive their children of an inheritance. These are outrageous claims. Nursing home provide 24-hour care to seniors at the end of their lives that neither they nor their family members can provide at home.
Click here to learn more.
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Capacity, Finances, and the Elderly: Brain Science Meets the Law
How might the science of aging help protect older adults from victimization and undue influence? Where do we draw the line between protection and paternalism? What constitutes a bad financial decision? Who needs additional protections?
Click here to learn more and to register.
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2 CEC's from Right at Home: End of Life Care for the LGBT Client
This program provides insight into the unique end-of-life needs of LGBT patients. Rabbi Julie Wolkoff, from Care Alternatives Hospice of Massachusetts, will discuss how the lives of LGBT patients are impacted by a wide range of personal emotional, and legal issues and how we can address them.
The program will take place on Thursday, December 5th from 8:30 to 11 a.m. at Wingate at Sudbury, located on 136 Boston Post Road.
To register, contact Bob DePeron by calling 617.597.1500 or by e-mailing him at bob@rahbostonmetro.com.
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535 Boylston Street, 8th Floor
Boston, MA 02116
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