Read original post of article here: https://www.medicaidannuity.com/2019-ssi-and-spousal-impoverishment-standards/
The Centers for Medicaid and CHIP Services (CMCS) have announced an update for the 2019 SSI and Spousal Impoverishment Standards. Starting January 1, 2019, the Minimum MMNA will be $2,057.50 in all states except Alaska and Hawaii. The Maximum MMNA was raised from $3,090.00 to $3,160.50. The Shelter Standard will be $617.25 in all states except Alaska and Hawaii.
The Minimum Community Spouse Resource Standard will be $25,284.00 and the Maximum Community Spouse Resource Standard will be $126,420.00.
You may view and print a complimentary PDF with all the updated figures by clicking this link. These updated numbers will go into effect on January 1.
How the SSI and Spousal Impoverishment Standards are Calculated
While some of the spousal impoverishment standards, such as maximum community spouse income maintenance allowance and community spouse minimum and maximum resource allowances are adjusted each January, section 1924 of the Social Security Act states that the community spouse’s MMMNA be adjusted with changes to the federal poverty level and be effective July 1st of each year.
The community spouse’s monthly housing allowance, which is a basis of determining if the community spouse may have excess shelter allowance, is calculated based on a percentage of the MMMNA. This figure is also adjusted each July 1st as well.
These figures are expected to update again January 1, 2020.
View Your State-Specific Medicaid Planning Figures
We take pride in being an educational leader in Medicaid benefit planning industry. We continually monitor for updates and make changes to all figures as soon as they are available. These include our state-specific figures. You may view your state-specific desk reference here.
