2016 Ohio Medicaid financial standards for long term care

Note:  There were no blog posts the last two weeks (Christmas and New Year’s Day.)  Happy 2016!

The Medicaid program helps pay for long term care (nursing home, assisted living, or in-home care) for many seniors.  The Medicaid rules allow the patient and the patient’s spouse to keep certain amounts of their savings and certain amounts from their monthly income.  As of January 2015, Ohio’s Medicaid program allows the following amounts:
Savings patient can keep: $1,500
Savings spouse at home can keep: $23,844 – $119,220
Monthly income patient can keep: $50
Monthly income allowance for spouse: $1,992 – $2,981
Monthly housing allowance for spouse at home: $598
Monthly utility allowance for spouse at home: $510
What Medicaid pays nursing homes each month: $6,327
Limit on equity in home:  $552,000

Note:  Because this information is an update of the Medicaid “financial standards,” it also appears on my website’s Medicaid page.

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