The State of California has changed some of the Medi-Cal qualification figures and requirements for 2013. A brief listing of these changes and requirements is set forth below:
2013 CA Medi-Cal Quick Reference Guide
Community Spouse Resource Allowance
$115,920
This is the amount that the community, or (at home) well spouse can retain in liquid assets. This amount does not include exempt assets, such as the home and qualified accounts, such as IRA’s.
Minimum Monthly Maintenance Needs Allowance
$2,898
This is the minimum amount of income the well spouse can keep.
Average Private Pay Rate (Divestment Penalty Divisor)
$7,549
This is the amount the State pays to nursing homes on the Medi-Cal program, minus a share of cost by the applicant. This figure is also used to calculate penalty periods of ineligibility for Medi-Cal.
Applicant Resource Allowance
$2,000
The applicant can keep this amount in cash, checking, etc.
Monthly Personal Needs Allowance
$35
The amount of income the ill person is allowed to keep.
At the Law Offices of Michael J. Young, at 1931 San Miguel Dr., Ste. 220, Walnut Creek, CA www.WalnutCreekElderLaw, 925-256-0298, lawyoung1@gmail.com we practice Elder Law and we help families through the Elder Care Journey. We help families with long-term care planning, asset-protection plans, comprehensive estate planning, wills, trusts and powers of attorney. We also help families get their “Ducks in a Row” in order help them qualify for Medi-Cal and the VA Aid & Attendance Improved Pension benefit. This information is not to be taken as legal advice, and you are encouraged to see your elder law attorney regarding any planning.