Applying the Impoverishment Risks and Reconstruction (IRR ...
The high cost of long-term care is now the biggest risk to ...€¦ · 2015 SSI and Spousal...
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The high cost of long-term care is now the biggest risk to your clients’ assets in retirement... Are you prepared to give your clients the full planning they need? If not … someone else will. THIS FREE 2015 SPOUSAL IMPOVERISHMENT DESK REFERENCE DOWNLOAD IS PROVIDED BY THE FOLLOWING SPONSORS Are You Ready To STAND OUT In Your Profession? BECOME A CERTIFIED MEDICAID PLANNER™ Get Certified. Get ahead. .org www.cmpboard.org Get the help you need from the most comprehensive long-term care Medicaid Planning resource for advisors in the U.S. TAKE YOUR PRACTICE TO A NEW LEVEL GET EDUCATED ON ADVANCED MEDICAID PLANNING AND VA BENEFIT PLANNING TECHNIQUES THROUGH OUR UNIQUE TRAINING PROGRAM. GET THE MOST IN-DEPTH MEDICAID PLANNING BOOK IN PRINT. GET PRACTICE MENTORING AND CASE SUPPORT ASSISTANCE. GET MEDICAID APPLICATION SUPPORT AND PROCESSING SERVICES. GET EXPERT WITNESS AND FAIR HEARING SUPPORT. GET MARKETING ASSISTANCE TO HELP GROW YOUR PRACTICE. CLICK HERE FOR MORE INFORMATION CLICK HERE FOR MORE INFORMATION
Transcript of The high cost of long-term care is now the biggest risk to ...€¦ · 2015 SSI and Spousal...
The high cost of long-term care is now the biggest risk to your clients’ assets in retirement...
Are you prepared to give your clients the full planning they need? If not … someone else will.
THIS FREE 2015 SPOUSAL IMPOVERISHMENT DESK REFERENCE DOWNLOAD IS PROVIDED BY THE FOLLOWING SPONSORS
Are You Ready To
STAND OUT In Your
Profession?
BECOME A CERTIFIED MEDICAID PLANNER™
Get Certified. Get ahead.
.org
www.cmpboard.org
Get the help you need from the most comprehensive long-term care Medicaid Planning resource for advisors in the U.S.
TAKE YOUR PRACTICE TO A NEW LEVEL
GET EDUCATED ON ADVANCED MEDICAID PLANNING AND VA BENEFIT
PLANNING TECHNIQUES THROUGH OUR UNIQUE TRAINING PROGRAM.
GET THE MOST IN-DEPTH MEDICAID PLANNING BOOK IN PRINT.
GET PRACTICE MENTORING AND CASE SUPPORT ASSISTANCE.
GET MEDICAID APPLICATION SUPPORT AND PROCESSING SERVICES.
GET EXPERT WITNESS AND FAIR HEARING SUPPORT.
GET MARKETING ASSISTANCE TO HELP GROW YOUR PRACTICE.
CLICK HERE FOR MORE INFORMATION
CLICK HERE FOR MORE INFORMATION
2015 SSI and Spousal Impoverishment Standards
Supplemental Security Income (SSI) Effective 1-1-15
SSI Federal Benefit SSI Resource Income Cap Earned Income Unearned Income Benefit Rate (FBR) Standard Limit (300%)* Break Even Point Break Even Point
Individual $733.00 $2,000.00 $2,199.00 $1,551.00 $753.00 Couple $1,100.00 $3,000.00 N/A $2,285.00 $1,120.00
*Note: In Income cap states, triggers the need for a Qualified Income Trust (a/k/a Miller Trust).
Substantial Gainful Activity (SGA) Limit: $1,090.00 (Blind SGA: $1,820.00)
CPI Increase for 2015: 1.7% CPI Increase, Since September 1988: 98.7%
Spousal Impoverishment Effective 1-1-15 Unless Otherwise Noted
Minimum Monthly Maintenance Needs Allowance (MMMNA): $1,966.25 All States (Except Alaska and Hawaii) (Effective 7-1-14) $2,457.50 Alaska $2,261.25 Hawaii
Maximum Monthly Maintenance Needs Allowance: $2,980.50
Community Spouse Monthly Housing Allowance: $589.88 All States (Except Alaska and Hawaii) (Effective 7-1-14) $737.25 Alaska
$678.38 Hawaii
Community Spouse Resource Allowance (CSRA):
Minimum Resource Standard: $23,844.00** Maximum Resource Standard: $119,220.00
**Note: Applicable only in one-half deduction states
Home Equity Limits:
Minimum: $552,000.00 Maximum: $828,000.00***
***Note: Applicable only in those states that have adopted the higher limit.
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