Spousal Impoverishment Figures Are Set To Stay The Same For 2016

In 2016 spousal impoverishment and home equity limit figures are not going to be changed from their 2015 levels according to the Centers for Medicare and Medicaid Services (CMS). The reason for not changing these figures is because the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) has not increased. The CMS decision means that the community spouse resource allowance, maximum monthly maintenance needs allowance, the income cap, and Medicaid’s home equity limits will all remain unchanged. This article provides links to more information about the 2016 policies.  People are going to need to update their budgets and estate plans to factor in the financial impact of the CMS announcement.

See CMS Confirms That Spousal Impoverishment Figures Will Remain the Same for 2016, Elder Law Answers, November 21, 2015.