Regional Rates for 2015

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Feb 032015
 

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 rate in order to calculate the penalty period. The regional rates for 2015 are found in GIS 15 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 facility is located.

The 2015 regional rates are:

CENTRAL: $8,768
Broome, Cayuga, Chenango, Cortland, Herkimer, Jefferson, Lewis, Madison, Oneida, Onondaga, Oswego, St. Lawrence, Tioga and Tompkins counties.

NORTHEASTERN: $9,414
Albany, Clinton, Columbia, Delaware, Essex, Franklin, Fulton, Greene, Hamilton, Montgomery, Otsego, Rensselaer, Saratoga, Schenectady, Schoharie, Warren and Washington counties.

WESTERN: $9,422
Allegany, Cattaraugus, Chautauqua, Erie, Genesee, Niagara, Orleans and Wyoming counties.

NORTHEASTERN METROPOLITAN:$11,455
Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster and Westchester counties.

NEW YORK CITY: $11,843
Bronx, Kings (Brooklyn), New York (Manhattan), Queens and Richmond (Staten Island).

LONG ISLAND: $12,390
Nassau and Suffolk counties.

ROCHESTER: $10,660
Chemung, Livingston, Monroe, Ontario, Schuyler, Seneca, Steuben, Wayne and Yates counties.

Regional Rates for 2014

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Jan 222014
 

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 rate in order to calculate the penalty period. The regional rates for 2014 are found in GIS 14 MA/03. The GIS tells you which counties are in which region. It reminds you to use the rate for the region in which the facility is located. The GIS may be found at the New York State Department of Health website: health.ny.gov.

The 2014 regional rates are:

CENTRAL: $8,645
Broome, Cayuga, Chenango, Cortland, Herkimer, Jefferson, Lewis, Madison, Oneida, Onondaga, Oswego, St. Lawrence, Tioga and Tompkins Counties

NORTHEASTERN: $9,212
Albany, Clinton, Columbia, Delaware, Essex, Franklin, Fulton, Greene, Hamilton, Montgomery, Otsego, Rensselaer, Saratoga, Schenectady, Schoharie, Warren and Washington Counties

WESTERN: $8,971
Allegany, Cattaraugus, Chautauqua, Erie, Genesee, Niagara, Orleans and Wyoming Counties

NORTHEASTERN METROPOLITAN: $11,135
Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster and Westchester Counties

NEW YORK CITY: $11,423
Bronx, Kings (Brooklyn), New York (Manhattan), Queens and Richmond (Staten Island)

LONG ISLAND: $12,112
Nassau and Suffolk Counties

ROCHESTER: $10,073
Chemung, Livingston, Monroe, Ontario, Schuyler, Seneca, Steuben, Wayne and Yates Counties

Life estate valuations

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Dec 272013
 

GIS 13 MA/06 advises that GIS 12 MA/001 has the correct method for calculating the value of a life estate, but the IRS website addresses provided in GIS 12 MA/001 are incorrect. This problem has already been noted on this website.

Unfortunately, GIS 13 MA/06 also contains an incorrect web address.

GIS 13 MA/06 does note that the IRS website can be changed at any time. Thus, GIS 13 MA/06 suggests that interest rates can be found by going to the IRS website and typing the following term in the search box: “Section 7520 Interest Rates”

GIS 13 MA/06 suggests that Table S can be found by going to the IRS website and typing the following term in the search box: “Table S”

As previously noted on this website, GIS 12 MA/001 changed the method of calculating the value of a life estate. Page 40 of Medicaid Financial Eligibility Rules for Nursing Home Care in New York State describes the old rule which was changed by GIS 12 MA/001.

Regional Rates for 2013

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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

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

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