201603.15
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Medicaid Misconceptions

There are many misconceptions about the Medicaid program (called MassHealth in Massachusetts). It is a complex Federal/State program controlled by multiple laws and regulations. The rules vary from state to state and, most importantly, they change over time. What worked for someone else may not work for you as the rules were different in the…

201603.15
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What will your Long Term Care Cost?

A USA Today headline says that Dementia care could cost $730,000! That’s a scary number that should make you want to plan for your aging needs. However, is it really a valid estimate? The newspaper got that number by using Genworth Financial’s figure of $91,250 for full-time (24 hour) care for eight years. Many Massachusetts…

201111.02
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Medicaid Income and Asset allowances for 2012 increase!

After staying the same for two years, the community spouse resource allowance (CSRA) and the maximum monthly maintenance needs allowance (MMMNA) will increase for 2012, the Centers for Medicare and Medicaid Services just announced. The 2012 minimum CSRA is $22,728 and the maximum is $113,640. The new maximum monthly maintenance needs allowance is $2,841. The minimum monthly…

200910.27
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New Medicaid Figures for 2009

The Centers for Medicare & Medicaid Services (CMS) has released the community spouse resource allowances (CSRA) and the maximum monthly maintenance needs allowance for 2009. The new minimum CSRA is $21,912 and the new maximum is $109,560. The new maximum monthly maintenance needs allowance is $2,739. The minimum monthly maintenance needs allowance remains $1,750 until…