Medicaid Spousal Impoverishment
Figures for 2009
In 2009, the spouse of a Medicaid recipient living in a nursing home (called the “community spouse”) may keep as much as $109,560 without jeopardizing the Medicaid eligibility of the spouse who is receiving long-term care. This is called the “community spouse resource allowance.” In Kansas, a spouse is entitled to keep one-half of all of the countable assets, not to exceed the maximum (effective January 1, 2009 – $109,560) and not less than a minimum of $21,912 (again, effective January 1, 2009).
There are also income limits. The community spouse is entitled to a minimum of $1,750. That figure can be increased up to a maximum of $2,739.
Annual Gift Tax Exclusion Rises to $13,000
The annual gift tax exclusion will increase from $12,000 to $13,000 effective January 1, 2009. The gift tax exclusion is the amount the IRS allows a taxpayer to gift to another individual without reporting the gift.
Long-Term Care Premium Deductibility
Limits for 2009
|Attained age before the Maximum deduction:||Maximum deduction:|
|40 or less||$320|
|More than 40 but not more than 50||$600|
|More than 50 but not more than 60||$1,190|
|More than 60 but not more than 70||$3,180|
|More than 70||$3,980|
Medicare Premiums, Deductibles and
Copayments for 2009
Premiums for higher-income beneficiaries:
Rates differ for beneficiaries who are married but
file a separate tax return from their spouse.
Social Security Benefit Changes for 2009
Retirement Earnings Test Exempt Amounts:
SSI Federal Payment Standard:
For a list of the 2009 Social Security changes, go to: http://ssa.gov/pressoffice/factsheets/colafacts2009.htm