Important Elder Law Numbers: Updated for July 1, 2023
Supplemental Security Income (SSI) Benefit Standards |
Eligible Individual |
$914/month |
Eligible Couple |
$1,371/month |
Medicaid (Oregon) |
Asset limit for Medicaid recipient |
$2,000 |
Burial account limit |
$1,500 |
Long Term Care Income Cap |
$2,742/month |
Community Spouse Minimum Resource Standard |
$29,724 |
Community Spouse Maximum Resource Standard |
$148,620 |
Community Spouse Minimum Monthly Allowance Standard (MMMNA) |
$2,465.00 /month |
Community Spouse Maximum Monthly Allowance |
$3,715.50/month |
Excess Shelter Allowance |
Amount Above $739.50/month |
SNAP Utility Allowance Used to Figure Excess Shelter Allowance |
$452/month |
Personal needs allowance in nursing home (Note: for some veterans, the personal needs allowance is $90/month.) |
$74.75/month |
Personal needs allowance in community-based care |
$203/month |
Room & board rate for waivered community-based care facilities |
$711/month |
OSIP Maintenance Standard for person receiving in-home services |
$1,414/month
SSI ony: $936/month |
Average Private Pay Rate for Calculating Ineligibility for Transfer of Assets at less than Fair Market Value after October 1, 2022 |
$10,342/month |
Home equity limit for an individual |
$688,000 |
OREGON ABLE SAVINGS PLAN |
|
ABLE account contributions for 2023 are capped at $17,000. The beneficiary can also contribute an additional amount that is the lesser of the beneficiary’s compensation for the tax year OR $13,590 (continental US). |
MEDICARE
|
Hospital Part A deductible per illness spell |
$1,600 |
Skilled nursing facility co-insurance for days 21–100 |
$200/day |
Part B premium |
$164.90/month |
|
(Part B premium is higher if adjusted gross income is more than $97,000 single or $194,000 joint return) |
Part B deductible |
$226/year |
Part D Premium |
Varies by plan |
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