Regional Rates for 2013

 Transfer of Assets (Gifting)  Comments Off on Regional Rates for 2013
Jan 072013
 

Page 54 of Medicaid Financial Eligibility Rules for Nursing Home Care in New York State describes how to calculate a penalty period when someone has made a gift. You need to know the regional rates in order to calculate the penalty period. The regional rates for 2013 are found in GIS 13 MA/01. The GIS tells you which counties are in which region. It reminds you to use the rate for the region in which the nursing home is located. The GIS may be found at the New York State Department of Health website: health.ny.gov

The 2013 rates by region are as follows:
Central: $8,432
Northeastern: $8,950
Western: $8,682
Northern Metropolitan: $10,737
New York City: $11,350
Long Island: $12,034
Rochester: $9,782

Substantial Home Equity Limit for 2012

 Resources  Comments Off on Substantial Home Equity Limit for 2012
Jun 032012
 

The Substantial Home Equity Rule is described on pages 13-14 of Medicaid Financial Eligibility Rules for Nursing Home Care in New York State.  For 2012, the Substantial Home Equity Limit was increased to $786,000.  See GIS 12 MA/002; Medicaid Reference Guide at 782.

Posted 06/03/2012

Regional Rates for 2012

 Transfer of Assets (Gifting)  Comments Off on Regional Rates for 2012
Jun 032012
 

Page 54 of Medicaid Financial Eligibility Rules for Nursing Home Care in New York State describes how to calculate a penalty period for transfer of assets.  You need to know the regional rate in order to calculate the penalty period.

The regional rates for 2012 may be found in GIS 12 MA/003.

This GIS tells you which counties are in which region.

It tells you to use the rate for the region in which the nursing home is

located.

Posted 06/03/2012