Below are the most important figures seniors and their families will confront in 2017:
Medicare Part A deductible: $1316 for each benefit period
Medicare Part A hospital stay day 1-60: $0 co-insurance for each benefit period
Medicare Part A hospital stay day 61-90: $329/day co-insurance for each benefit period
Medicare Part A hospital stay beyond 91 days: $658/day co-insurance for each benefit period
Medicare Part B Premium: $134/month.
Medicare Part B Deductible: $183/year
Medicare Skilled nursing home co-payment day 21-100: $164.50/day
Medicaid Individual Resource Allowance: $2000.00
Resource Allowance for a Couple who both reside in a facility: $3,000.00
Medicaid Community Spouse Resource Allowance: Minimum $24,180.00; Maximum $120,900.00
Medicaid Monthly Maintenance Needs Allowance: Minimum $2,002.50; Maximum $3,022.50
Medicaid Monthly Personal Needs Allowance: $35.00/month
Medicaid Divestment Penalty Divisor: $332.50/day
Medicaid Income Cap Limit: When is a Miller Trust required? $2205/month
Principal Residence Equity Exclusion: $840,000.00
Community Spouse Monthly Housing Allowance: $600.75
Standard Heating & Utility Allowance: $501.00
Federal Estate Tax Threshold: $5,490,000
Federal Gift Tax Exclusion: $14,000.00
NJ Estate Tax Threshold: $2,000,000.00
NJ Inheritance Tax: Class A & E exempt
